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USDCAD breaches the resistance – Analysis - 09-05-2018
The USDCAD pair breached 1.2923 level strongly and closed the daily candlestick above it, which opens the way to extend the bullish wave on the short term basis, on its way to visit 61.8% Fibonacci correction level at 1.3128 again.
Therefore, we expect witnessing more rise in the upcoming sessions, supported by the EMA50, unless breaking 1.2923 level and holding with a daily close below it.
Expected trading range for today is between 1.2880 support and 1.3040 resistance.
Expected trend for today: Bullish
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USDJPY rises again – Analysis - 09-05-2018
The USDJPY pair traded with clear positivity yesterday after leaning on the bullish channel’s support line that appears on the chart, to breach 109.00 level and settles above it, which reactivates the correctional bullish trend scenario again, targeting testing 110.04 level initially.
MoreGBPUSD keeps the support base – Analysis - 09-05-2018
The GBPUSD pair settles above 1.3490 level, to keep the bullish trend scenario active in the upcoming sessions, noticing that stochastic begins to rise now, to form positive motive that we are waiting to push the price to head towards our positive targets that begin at 1.3710 followed by 1.3817.
MoreEURUSD keeps declining – Analysis - 09-05-2018
The EURUSD pair shows more negative trading after confirming breaking 1.1929 level, to continue declining and head towards our main waited target at 1.1785, falling under continuous negative pressure by the EMA50.
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