The USDJPY shows additional decline – Analysis - 22-02-2021
The USDJPY pair continued to decline to test the most important support at 105.20 and begins bouncing bullishly from there, as the EMA50 formed good support to protect the price from suffering more losses, while stochastic provides positive signals on the four hours’ time frame.
Therefore, these factors encourage us to suggest the bullish trend for the upcoming period, which targets testing 106.44 as a next main station, taking into consideration that breaking 105.20 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 105.20 support and 106.40 resistance
The expected trend for today: Bullish
The GBPUSD achieves good gains - Analysis - 22-02-2021
The GBPUSD pair surpassed 1.4000 barrier and settled above it, to keep the bullish trend scenario valid and active for the upcoming period, waiting to head towards 1.4200 that represents our next positive target, noting that the EMA50 keeps supporting the price from below.
Therefore, we will keep our bullish overview for the upcoming period, noting that breaking 1.3975 might press on the price to decline again and head towards testing 1.3855 areas before any new attempt to rise.
The expected trading range for today is between 1.3950 support and 1.4120 resistance.
The expected trend for today: Bullish
The EURUSD resumes the rise – Analysis - 22-02-2021
The EURUSD pair settles above the EMA50 after the rise that it witnessed in the previous sessions, to support the continuation of the bullish trend, which targets 1.2173 initially, reminding you that breaching this level will push the price to 1.2300 as a next station.
The price might witness some sideways fluctuations affected by stochastic negativity before resuming the positive attempts, taking into consideration that the continuation of the bullish wave requires holding above 1.2064.
The expected trading range for today is between 1.2060 support and 1.2210 resistance.
The expected trend for today: Bullish
Update: Gold price tests the minor resistance
Gold price tested 1785.00 and keeps its stability below it, starting to provind negative trades now, to keep the bearish trend scenario active for the upcoming period, which depends on the price stability below 1785.00, reminding you that we are waiting to visit 1740.00 as a next main station.