USD CAD fluctuated 14/01/2013
The pair remains stable below 0.9885, and this is considered as the main factor that makes us continue in our intraday bearish trend scenario, which gets good support from EMA50.
The waited targets still starting at 0.9800 followed by 0.9700, pointing that Stochastic positivity causes the current sideways trading range.
Expected trading range for today is between: 0.9700 support and 0.9900 resistance.
Expected trend for today: Bearish
USD JPY continues to rise 14/01/2013
The pair continues to rally positively, and approaches from the main waited targets between 90.00 and 90.50, where our positive anticipations remain valid and active supported by EMA50.
We remind you that monitoring the price behavior when reaching the waited targets is important, where a potential bearish bounce might start from there, and the first target will be retesting 87.55.
Expected trading range for today is between: 88.50 support and 90.50 resistance.
Expected trend for today: Bullish
GBP USD is stuck 14/01/2013
The pair remains stuck between the bullish channel support -which turns into resistance at 1.6180- and EMA50 which forms a support barrier now at 1.6110, this makes us continue in our neutral attitude until surpassing one of these levels and followed by providing a clearer signals for the upcoming trend.
Note that breaching above 1.6180 will turn the price back to the bullish trend again, while breaking below 1.6110 will lead to test the short term bullish trend at 1.6020, and breaking it will cause a major turning in the short term trend.
Expected trading range for today is between: 1.6020 support and 1.6300 resistance.
Expected trend for today: Neutral
EUR USD begins the week with positivity 14/01/2013
The pair opens today’s trading with clear positivity approaching from 1.3400, where continues organized inside the bullish channel appears in the above image, which supports our positive expectations on the intraday and short term basis.
We remain waiting for hitting the main target at 1.3485, and monitoring the price behavior at this level is important, due to it’s sensitivity and strength against the price, pointing that breaching above this level will open the way for more gains on the short and medium term.
Breaking below 1.3300 might postpone achieving the waited move to the upside.
Expected trading range for today is between: 1.3250 support and 1.3550 resistance.
Expected trend for today: Bullish