The USDJPY attacks the resistance – Analysis - 26-03-2021
The USDJPY pair shows more rise to start attacking 109.22 level, which hints the price head to activate the positive scenario in the upcoming period, on its way to visit 110.30 that represents first positive target.
Therefore, the bullish trend will be suggested for today supported by moving above the EMA50, noting that breaking 108.85 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 108.80 support and 109.90 resistance
The expected trend for today: Bullish
The GBPUSD loses momentum - Analysis - 26-03-2021
The GBPUSD pair trades with clear positivity to approach retesting the broken neckline of the double top pattern that its signs appear on the chart, noticing that stochastic shows clear overbought signals, while the EMA50 meets the key resistance formed at 1.3800 to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.3580 as a next station, while achieving it requires holding below 1.3800.
The expected trading range for today is between 1.3660 support and 1.3830 resistance.
The expected trend for today: Bearish
The EURUSD gets a negative close – Analysis - 26-03-2021
The EURUSD pair closed the last daily candlestick below 1.1780, to reinforce the expectations of continuing the bearish trend in the upcoming period, on its way to visit 1.1700 that represents our next negative target.
The EMA50 continues to support the suggested bearish wave, taking into consideration that consolidating above 1.1780 will stop the expected decline and lead the price to start recovery attempts that target testing 1.1880 areas initially.
The expected trading range for today is between 1.1690 support and 1.1850 resistance.
The expected trend for today: Bearish
Update: Crude oil price reaches the target
Crude oil price traded with strong negativity to succeed breaking 59.85 and reach the thresholds of the waited target at 57.35, which support the continuation of our bearish overview, noting that surpassing this level will extend the bearish wave to reach 54.85 as a next station, while the expecte decline will remain valid unless breaching 59.85 and holding above it.