The USDJPY is forced for some decline – Analysis - 21-04-2022
The USDJPY pair traded with clear negativity yesterday after breaking 128.60 level, to achieve some temporary bearish correction, noticing that stochastic provides clear positive signals now, waiting to motivate the price to resume the main bullish trend, which its next target located at 130.00.
Note that breaking 127.50 will push the price for additional decline that targets testing the bullish channel’s support line around 126.70 before any new attempt to rise.
The expected trading range for today is between 127.40 support and 128.70 resistance
The expected trend for today: Overall bullish
The GBPUSD surpasses the resistance - Analysis - 21-04-2022
The GBPUSD pair ended yesterday above 1.3040 level, to head towards achieving expected intraday gains in the upcoming sessions, targeting visiting 1.3145 mainly.
Therefore, we expect to witness more rise today, noting that breaking 1.3040 followed by 1.3000 levels will stop the positive overview and press on the price to decline again.
The expected trading range for today is between 1.3000 support and 1.3160 resistance.
The expected trend for today: Bullish
The EURUSD is recovering – Analysis - 21-04-2022
The EURUSD pair surpassed 1.0820 level and settled above it, to head towards achieving some bullish correction, targeting 1.0950 areas mainly, supported by moving above the EMA50.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.0820 followed by 1.0775 levels will stop the expected rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 1.0775 support and 1.0940 resistance.
The expected trend for today: Bullish
Coca-Cola returns higher - Analysis - 20-04-2022
Coca-Cola's stock (KO) returned higher with a 0.98% profit, amid attempts to gather momentum and vent off overbought saturation in the previous session, while now reversing higher, and settling at 65.07, with trading volumes averaging 12 million shares.
The gains come amid the dominance of the main upward trend in the medium and short terms, with support from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the resistance of 66.00.
Expected trend for today: Bullish