The USDJPY attempts to breach – Analysis - 22-12-2020
The USDJPY pair attempted to breach 103.65 level yesterday but it returned to settle below it, which keeps the bearish trend scenario valid on the intraday and short term basis, supported by the negative pressure formed by the EMA50, depending on the stability of the daily close below the mentioned level, noting that our next target is located at 102.50.
The expected trading range for today is between 102.70 support and 103.90 resistance
The expected trend for today: Bearish
The GBPUSD achieves strong gains - Analysis - 22-12-2020
The GBPUSD pair bounced upwards strongly yesterday after touching the main bullish channel’s support line that appears on the chart, to reach 1.3500 barrier, but it begins to decline again to press on the minor bullish channel’s support line and attempts to break it, which hints the price head to achieve new negative trades, on its way to visit 1.3250 followed by 1.3190 levels as next main stations.
Therefore, we except the domination of the bearish trend in the upcoming sessions, taking into consideration that breaching 1.3510 will stop the suggested negative scenario and lead the price to achieve new gains on the short term and medium term basis.
The expected trading range for today is between 1.3270 support and 1.3470 resistance.
The expected trend for today: Bearish
The EURUSD begins with new negativity – Analysis - 22-12-2020
The EURUSD pair ended yesterday with clear positivity after the decline that it witnessed in the previous sessions, but we notice that the price begins today with new decline to break the intraday bullish trend line that appears on the chart, supported by the negative signal provided by stochastic, which supports the chances of continuing the negative trades in the upcoming sessions, targeting testing 1.2175 followed by 1.2115 levels mainly.
Therefore, the bearish bias will be expected for today, noting that breaching 1.2250 will stop the suggested decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.2115 support and 1.2280 resistance.
The expected trend for today: Bearish
End of day analysis for Crude oil 21-12-2020
Crude oil price stopped at 46.25 areas and bounced upwards strongly to approach the return to the broken bullish channel, to hint the price head to resume the main bullish trend, noting that breaching 48.35 will confirm the continuation of the bullish trend and achieve gains that start at 49.40 followed by 50.00, while failing to breach will press on the price to decline towards 45.67 mainly.