The USDJPY hits the first extended target – Analysis - 25-11-2021
The USDJPY pair resumed its positive trades clearly yesterday to succeed achieving our first extended target at 115.50, expecting the continuation of the bullish wave to head towards 117.00 areas on the near term basis, organized inside the bullish channel that appears on the chart.
Therefore, the bullish trend will remain active for the upcoming period unless breaking 114.70 and holding above it.
The expected trading range for today is between 114.80 support and 116.10 resistance
The expected trend for today: Bullish
The GBPUSD breaks the support - Analysis - 25-11-2021
The GBPUSD pair managed to break 1.3355 and close the daily candlestick below it, to reinforce the expectations of continuing the main bearish trend, and the way is open to achieve more decline that its next main target reaches 1.3160.
On the other hand, we should note that breaching 1.3355 and holding above it might push the price to achieve intraday bearish correction that targets testing 1.3425 and might extend to 1.3485 areas before any new attempt to decline.
The expected trading range for today is between 1.3260 support and 1.3425 resistance.
The expected trend for today: Bearish
The EURUSD resumes the decline – Analysis - 25-11-2021
The EURUSD pair provided additional negative trades yesterday and attempted to break 1.1200 level, which supports the expected bearish trend scenario on the intraday and short term basis, which targets 1.1145 level, waiting for more decline in the upcoming sessions supported by the EMA50 unless breaching 1.1275 level and holding above it.
Note that the markets might witness calm trades affected by the US markets holidays.
The expected trading range for today is between 1.1140 support and 1.1375 resistance.
The expected trend for today: Bearish
Adobe tries to gather momentum - Analysis - 24-11-2021
Adobe System's stock (ADBE) fell 1.25% in the last session amid negative signals from the RSI after reaching overbought levels, while gathering positive momentum and venting off overbought saturation, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the first resistance at 706.20, provided it settles solidly above 670.50.
Expected trend for today: Bullish