USDCAD begins positively – Analysis - 02-01-2019
The USDCAD pair shows sideways trades recently, starting today with bullish bias to approach the bullish channel’s resistance that rises now to 1.3675, and as long as the price is below this level, the bearish trend scenario will remain suggested for the upcoming sessions, noting that breaking 1.3620 is required to reinforce the chances of heading towards 1.3475 that represents our main waited target.
Expected trading range for today is between 1.3550 support and 1.3700 resistance.
Expected trend for today: Bearish
USDJPY hits the waited targets – Analysis - 02-01-2019
The USDJPY pair succeeded to achieve our waited negative targets at 109.75 and 109.35 and settles around the last one, starting today with more negativity to hint the continuation of the bearish trend on the short term basis, waiting to head towards 107.80 areas in the upcoming period.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 110.38 level and holding above it.
Expected trading range for today is between 108.50 support and 110.00 resistance
Expected trend for today: Bearish
GBPUSD attempts to breach – Analysis - 02-01-2019
The GBPUSD pair attempted to breach 1.2725 level but it returns to fluctuate around it again, which makes us continue with our neutrality until the price confirms breaching this resistance or breaking 1.2636 support, which represent the next trend keys.
We remind you that breaching the mentioned resistance will push the price to achieve positive targets that reach 1.2962 mainly, while breaking the support will press the price to continue the main bearish trend that its next target located at 1.2500.
Expected trading range for today is between 1.2630 support and 1.2830 resistance.
Expected trend for today: Depends on the above mentioned levels
No news for EURUSD – Analysis - 02-01-2019
The EURUSD pair did not show any strong move in the previous sessions, to continue fluctuating around 1.1443 level, thus, our neutrality will remain valid until now, reminding you that confirming breaching the mentioned level and holding above it will push the price to turn to rise and target 1.1550 followed by 1.1705 levels, while trading below it will press on the price to decline again and visit 1.1300 level initially.
Expected trading range for today is between 1.1350 support and 1.1550 resistance.
Expected trend for today: Neutral