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The USDJPY consolidates above the support – Analysis - 05-10-2021
The USDJPY pair kept its stability above 110.95, and begins to provide positive trades now, to support the continuation of the expected bullish trend for the upcoming period, which targets 112.05 mainly.
The EMA50 supports the expected rise, which will remain valid unless breaking 110.95 and holding below it.
The expected trading range for today is between 110.60 support and 111.90 resistance
The expected trend for today: Bullish
The GBPUSD tests the resistance - Analysis - 05-10-2021
The GBPUSD pair continued to rise to test 1.3600 level, noticing that the price keeps its stability below this level, which represents the point that 38.2% Fibonacci correction level meets the bearish channel’s resistance, accompanied by witnessing negative signals through stochastic.
MoreThe EURUSD achieves some bearish correction – Analysis - 05-10-2021
The EURUSD pair provided positive trades yesterday but it stopped at 23.6% Fibonacci correction level for the decline measured from 1.1909 to 1.1563, noticing that the price bounced bearishly from there, as the EMA50 meets this level to add more strength to it, while stochastic shows clear negative signals now.
MoreEvening update for Crude oil 04-10-2021
Crude oil price rallied upwards sharply to breach 76.64 and approaches the extended target at 79.00, reinforcing the chances of continuing the rise on the intraday and short term basis, which its next target located at 80.00$, noting that the the continuation of the bullish wave requires holding above 76.64.
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