|
The USDJPY shows continuous rise – Analysis - 21-10-2022
The USDJPY pair surpassed 150.00 barrier to support the expectations of continuing the bullish trend on the short term and medium term basis, opening the way to head towards our next main target that reaches 151.30.
The bullish channels continue to organize the suggested bullish wave, besides the EMA50 that carries the price from below, noting that holding above 149.45 represents initial condition to continue the expected rise.
The expected trading range for today is between 149.50 support and 151.00 resistance
The expected trend for today: Bullish
Join Economies Discord channel to discuss this analysis
Thanks for your feedback.
The GBPUSD consolidates below the broken support - Analysis - 21-10-2022
The GBPUSD pair still stable below the bullish channel’s support line, which keeps the negative pressure valid on the intraday basis, waiting to get negative motive that assist to push the price to achieve our targets that start at 1.1055 and extend to 1.0920.
MoreThe EURUSD keeps its negative stability – Analysis - 21-10-2022
The EURUSD pair bounced bearishly to close yesterday below 0.9790 level, which keeps the bearish trend scenario valid and active for the upcoming period, and by taking a deeper look at the chart, we find that the price forms double top pattern that supports the expectations of continuing the domination of the bearish trend, reminding you that the negative targets begin at 0.9700 and extend to 0.9630.
MoreEvening update for Crude oil price 20-10-2022
Crude oil price tested 86.60 level and bounced bearishly from there, to keep the bearish trend active for today, supported by stochastic negativity that appears clearly now, waiting for more decline to break 84.60 level and open the way to rally towards our next targets at 82.30 and 80.00.
More