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The USDJPY faces temporary negative pressure – Analysis - 15-11-2021
The USDJPY pair provided negative trades to move at the EMA50 that forms good intraday support against the price, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its first target located at 114.70.
In general, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 113.40.
The expected trading range for today is between 113.40 support and 114.50 resistance
The expected trend for today: Bullish
The EURCAD pair might resume the decline – Analysis – 15-11-2021
The EURCAD pair lost its positive momentum by stochastic decline below 50 level, to force it to fluctuate below 1.4485 barrier and hinder the attempt to regain the bullish bias again.
Also, the moving average 55 provides the negative momentum to force the price to renew the negative fluctuation and repeat the attempt to press on 1.4255 support line, while surpassing it might extend losses towards .4170 in the medium term period.
The expected trading range for today is between 1.4420 and 1.4255
The expected trend for today: Bearish
The EURUSD loses momentum – Analysis - 15-11-2021
The EURUSD pair leaned on the bearish channel’s support line and begins to provide slight positive trades, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the expected bearish trend on the intraday and short term basis, which targets 1.1400 followed by 1.1300 levels as next main stations.
We should note that continuing the rise and breaching 1.1525 will stop the suggested decline and lead the price to achieve additional gains that might reach 1.1630 before any new attempt to resume the medium term bearish track.
The expected trading range for today is between 1.1370 support and 1.1525 resistance.
The expected trend for today: Bearish
Evening update analysis for Gold 12-11-2021
Gold price resumes its positive trades to breach 1860.00 level and revive the recently suggested positive scenario, on its way to visit 1900.00 barrier as a next main target, noting that closing today above 1860.00 is important to continue the current rise.