The USDJPY gathers the positive momentum – Analysis - 14-04-2022
The USDJPY pair bounced bearishly after attempting to surpass 126.00 level, to approach testing the key support 125.00, accompanied by stochastic getting rid of the negative momentum and gaining the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which its next target located at 126.55.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 125.00 and holding below it.
The expected trading range for today is between 124.90 support and 126.00 resistance
The expected trend for today: Bullish
The GBPUSD is recovering - Analysis - 14-04-2022
The GBPUSD pair rallied upwards strongly yesterday after finding difficulty to break 1.3000 level, to head towards achieving new bullish correction, and the targets begin by surpassing 1.3145 to confirm opening the way to head towards 1.3235 as a next main target.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 1.3145 will press on the price to rebound bearishly and resume the main bearish trend again.
The expected trading range for today is between 1.3060 support and 1.3210 resistance.
The expected trend for today: Bullish
The EURUSD breaches the channel – Analysis - 14-04-2022
The EURUSD pair’s decline stopped near 1.0800 barrier, and bounced upwards strongly to breach the bearish channel’s resistance and close the daily candlestick above it, to head towards potential turn to rise, targeting 1.0950 followed by 1.1080 levels as next main stations.
Therefore, the bullish bias will be suggested in the upcoming sessions, taking into consideration that breaking 1.0855 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.0830 support and 1.0980 resistance.
The expected trend for today: Bullish
Midday update for the NZDUSD 13-04-2022
The NZDUSD pair declined strongly to succeed achieving our waited target at 0.6790, noticing that the price breaks this level now to confirm the continuation of the bearish trend domination in the upcoming period, targeting 0.6690 as a next station, to keep the bearish bias valid for the rest of the day conditioned by the price stability below 0.6875.
The expected trading range for today is between 0.6740 support and 0.6810 resistance
The expected trend for today: Bearish