The USDJPY builds new bullish wave – Analysis - 24-02-2021
The USDJPY pair bounced bullishly after leaning well on the bullish channel’s support line that appears on the chart, to trade with clear positivity and hint the beginning of new intraday bullish wave, on its way to visit 106.44 mainly.
Therefore, we expect witnessing more rise in the upcoming sessions, noting that breaking 105.10 will stop the expected bullish bias and press on the price to resume the main bearish track again.
The expected trading range for today is between 105.00 support and 106.30 resistance
The expected trend for today: Bullish
The GBPUSD hits the target - Analysis - 24-02-2021
The GBPUSD pair succeeded to achieve our waited target at 1.4200, noticing that the price shows bearish rebound that hints heading for potential temporary decline, may target the intraday bullish channel’s support line at 1.4050 before turning back to rise.
Therefore, the bearish bias will be suggested for today, supported by stochastic negativity, taking into consideration that breaching 1.4200 will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.4050 support and 1.4250 resistance.
The expected trend for today: Bearish temporarily
The EURUSD gets a positive signal – Analysis - 24-02-2021
The EURUSD pair continues to fluctuate around 1.2173 level, noticing that stochastic got rid of its negative momentum and begins to overlap positively now, which supports the chances of breaching the mentioned level and open the way to rally towards our next target that reaches 1.2300.
Therefore, the bullish trend will remain suggested for the upcoming period supported by the EMA50, noting that breaking 1.2120 will press on the price to test the key support 1.2064 before any new attempt to rise.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bullish
Baidu stalls - Analysis - 23-02-2021
Baidu's stock (BIDU) fell 1.21% in the last session on profit-taking, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA, coupled with a surge in trading volumes.
Therefore we expect the stock to rise and target the resistance of 375.00.
Expected trend for today: Bullish