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USDCAD awaits the positive motive – Analysis - 12-12-2017
The tight range continues to dominate the USDCAD pair's trading, which fluctuates around 1.2850 level, noticing that stochastic continues the attempts to get rid of the negative momentum on the intraday time frames.
Therefore, the bullish trend scenario will remain valid as it is without any change, waiting to test 1.2927 level initially, reminding you that breaching this level will extend the pair's gains to reach 1.3131, while holding above 1.2723 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 1.2770 support and 1.2950 resistance.
Expected trend for today: Bullish
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USDJPY is stable – Analysis - 12-12-2017
The USDJPY pair shows sideways trading since yesterday, keeping its stability above 113.00 level, while stochastic begins to provide positive overlapping signal on the four hours' time frame, to form positive motivate that we are waiting to assist to push the price to resume the rise in the upcoming sessions, noticing that the EMA50 keeps supporting the price from below.
MoreGBPUSD completes negative pattern – Analysis - 12-12-2017
The GBPUSD pair trades with clear negativity since yesterday, noticing that the price completed forming double top pattern that its signs appear on the above chart, thus, we believe that the negative targets extend to surpass 1.3295 to reach 1.3196 as a next station.
MoreEURUSD resumes the decline – Analysis - 12-12-2017
The EURUSD pair bounced bearishly after retesting 1.1808 level yesterday, to keep the negative effect of the double top pattern active, waiting to visit 1.1679 level that represents our main target, noting that the EMA50 keeps supporting the expected bearish wave.
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