The USDJPY needs the positive momentum – Analysis - 18-10-2021
The USDJPY pair surpassed our first waited target at 114.00 and fluctuates around the bullish channel’s resistance, and begin the attempts to gather the positive momentum on the intraday basis, waiting to get positive motive that assists to push the price to continue the rise, noting that our next target is located at 114.70.
Holding above 113.70 is important to continue the bullish trend, as breaking it will press on the price to test the bullish channel’s support line around 112.75 before any new attempt to rise.
The expected trading range for today is between 113.70 support and 115.00 resistance
The expected trend for today: Bullish
The GBPUSD tests the support base - Analysis - 18-10-2021
The GBPUSD pair shows some bearish bias to test the support base formed above 1.3720, affected by stochastic negativity, while it moves within bullish channel that supports the chances of achieving more expected gains in the upcoming period, and the price needs to consolidate above the mentioned support to manage to resume the bullish bias towards 1.3795 as a next positive target.
Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that breaking 1.3720 will press on the price to test 1.3660 before any new attempt to rise.
The expected trading range for today is between 1.3650 support and 1.3820 resistance.
The expected trend for today: Bullish
The EURUSD faces solid resistance – Analysis - 18-10-2021
The EURUSD pair finds difficulty to breach 1.1615 level, to fluctuate around the EMA50 that forms good support against the price, noticing that stochastic continues to fluctuate at the oversold areas.
Therefore, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which its targets begin by breaching 1.1615 to confirm rallying towards 1.1670 followed by 1.1760 levels, taking into consideration that breaking 1.1545 – 1.1525 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.1530 support and 1.1680 resistance.
The expected trend for today: Bullish
Evening update analysis for Gold 15-10-2021
Gold price traded with strong negativity to succeed touching our first waited target at 1770.00, and we need to monitor the upcoming trading, as the continuation of the negative pressure and breaking this level will lead the price to achieve more decline that its next target reaches 1734.00, while consolidating above it will lead the price to test 1797.00 areas again.