The USDJPY resumes the rise – Analysis - 19-11-2021
The USDJPY pair returns to rise after leaning on the previously breached resistance that appears on the chart, reinforcing the expectations of continuing the main bullish trend, waiting to test 114.70 initially.
The EMA50 supports the suggested bullish wave, which its targets extend to 115.50 after surpassing the previous level, while holding above 113.90 represents the first condition to continue the expected rise.
The expected trading range for today is between 113.80 support and 115.00 resistance
The expected trend for today: Bullish
The GBPUSD is stable above the support base - Analysis - 19-11-2021
The GBPUSD pair keeps its stability above 1.3470 level, to keep the correctional bullish trend scenario active for the upcoming period, waiting to visit 1.3540 initially.
We should note that breaking 1.3470 will stop the expected rise and press on the price to resume the main bearish trend that its targets begin 1.3415 followed by 1.3355.
The expected trading range for today is between 1.3390 support and 1.3560 resistance.
The expected trend for today: Bullish
The EURUSD touches the target – Analysis - 19-11-2021
The EURUSD pair managed to touch our waited positive target at 1.1375 and begins to rebound bearishly from there, to support the expectations of resuming the main bearish trend after the temporary rise that it witnessed in the previous sessions, supported by stochastic negativity that appears clearly on the four hours’ time frame, besides the negative pressure formed by the EMA50.
Note that the targets of the expected bearish wave begin at 1.1285 and extend to 1.1145 after breaking the previous level, while breaching 1.1375 represents positive factor that will lead the price to achieve additional gains that reach 1.1525 – 1.1560 areas.
The expected trading range for today is between 1.1260 support and 1.1415 resistance.
The expected trend for today: Bearish
Midday update for Wheat price 18-11-2021
Wheat price shows additional positive trades since morning, in attempt to continue the main bullish trend, which moves organized inside the bullish channel that appears on the chart, reminding you that our first station is located at 850.00, which breaching it represents the key to rally towards 887.00 as a next station, while holding above 815.00 and 805.00 represents key condition to continue the bullish trend.
The expected trading range for today is between 825.00 support and 850.00 resistance.
The expected trend for today: Bullish