The USDCAD retests the broken support – Analysis - 06-10-2021
The USDCAD pair is retesting 1.2600 level that was broken previously and keeps its stability below it, to keep the negative pressure valid on the intraday basis, waiting to head towards 1.2495 that represents our next main target.
The EMA50 continues to support the suggested negative scenario, reminding you that it is important to hold below 1.2665 to achieve the waited targets.
The expected trading range for today is between 1.2510 support and 1.2640 resistance.
The expected trend for today: Bearish
The USDJPY resumes the rise – Analysis - 06-10-2021
The USDJPY pair traded with clear positivity yesterday to surpass the minor resistance 111.40 and settles above it, which supports the continuation of our bullish overview efficiently, and the way is open to head towards our main waited target at 112.05.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 110.95.
The expected trading range for today is between 110.95 support and 112.40 resistance
The expected trend for today: Bullish
The GBPUSD breaches the resistance - Analysis - 06-10-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
Moving above the EMA50 supports the expected rise, noting that breaking 1.3600 will stop the suggested positive scenario and press on the price to return to the bearish track again.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bullish
The GBPUSD breaches the resistance - Analysis - 06-10-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and settled above it, testing the support base formed above 1.3600 level, making the bullish bias suggested for the upcoming sessions, on its way to visit 1.3720 as a next main target.
Moving above the EMA50 supports the expected rise, noting that breaking 1.3600 will stop the suggested positive scenario and press on the price to return to the bearish track again.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bullish