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USDCAD crawls downwards – Analysis - 23-01-2018
The USDCAD pair shows calm negative trades to move below 1.2470 level now, which supports the continuation of our bearish overview in the upcoming sessions, reminding you that the price is confined inside bearish pennant pattern that its support line located at 1.2370, thus, we are waiting to break it to motivate the price to continue the overall bearish trend.
In general, the bearish trend will remain active on the intraday and short term basis unless breaching 1.2510 level and holding above it, reminding you that our main targets begin at 1.2265 and extend to 1.2053 after breaking the previous level.
Expected trading range for today is between 1.2365 support and 1.2510 resistance.
Expected trend for today: Bearish
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USDJPY keeps its negative stability – Analysis - 23-01-2018
The USDJPY pair showed new test to 111.00 level and kept its stability below it, to open today’s trading with bearish bias that hints resuming the correctional bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, besides the negative signal provided now by stochastic.
MoreGBPUSD hits the first target – Analysis - 23-01-2018
The GBPUSD pair succeeded to touch our first waited target at 1.4000 and settles there, waiting for more rise to touch the main bullish channel’s resistance at 1.4125, as the price gets continuous positive support by the EMA50 to reinforce the chances of achieving more gains.
MoreEURUSD keeps its positive stability – Analysis - 23-01-2018
The EURUSD pair bounced bullishly after testing 1.2215 level yesterday, to keep the bullish trend valid and active in the upcoming sessions, supported by the EMA50 that continues to carry the price from below, waiting to test 1.2345 level initially.
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