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USDCAD trades positively – Analysis - 18-07-2018
The USDCAD pair showed good positive trades yesterday after leaning on 1.3128 level, to settle around 1.3200 barrier now, which supports the continuation of our bullish overview in the upcoming sessions, reminding you that breaching 1.3218 will support the positive overview and push the price towards the main waited target at 1.3382.
Therefore, we are waiting for more rise today conditioned by the price stability above 1.3128.
Expected trading range for today is between 1.3130 support and 1.3300 resistance.
Expected trend for today: Bullish
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USDJPY approaches the target – Analysis - 18-07-2018
The USDJPY pair rallied upwards clearly yesterday to approach our waited target at 113.38, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that appears on the chart, carried by the EMA50 from below.
MoreGBPUSD suffers sharp losses – Analysis - 18-07-2018
The GBPUSD pair declined sharply yesterday to break 1.3226 level and reach below 1.3100, which activates the bearish trend scenario again, paving the way to achieve more decline in the upcoming period, as the main negative target is located at 1.2962.
MoreEURUSD resumes the decline – Analysis - 18-07-2018
The EURUSD pair traded with strong negativity on yesterday’s evening to settle below 1.1705 level, and the price falls under continuous negative pressure coming by the EMA50, which supports the continuation of our bearish overview on the intraday and short term basis, noting that our waited targets begin at 1.1554 followed by 1.1443.
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