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USDCAD attempts positively – Analysis - 21-12-2018
The USDCAD pair attempted to breach 1.3500 barrier without managing to hold above it, and the EMA50 keeps providing the positive support to the price, while the bullish channel continues to organize the short term bullish wave.
Therefore, the bullish trend will remain valid and active in the upcoming period conditioned by the price stability above 1.3382, noting that our next target is located at 1.3610.
Expected trading range for today is between 1.3400 support and 1.3600 resistance.
Expected trend for today: Bullish
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USDJPY declines strongly – Analysis - 21-12-2018
The USDJPY pair succeeded to surpass our first waited target at 111.97 and declined strongly to approach our next target mentioned yesterday at 110.40, to keep the bearish trend suggested in the upcoming period, supported by the negative pressure formed by the EMA50, waiting for more decline today.
MoreGBPUSD awaits the confirmation – Analysis - 21-12-2018
The GBPUSD pair still stuck between the trend confirmation levels represented by 1.2636 support and 1.2725 resistance, as the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.
MoreEURUSD closes at the resistance – Analysis - 21-12-2018
The EURUSD pair ended yesterday’s trading exactly at the key level 1.1443, which makes us continue with our neutrality until the price confirms its situation according to this level and detect its destination clearly, noting that the contradiction between the positivity of moving above the EMA50 and stochastic negativity provides another reason for neutrality.
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