The USDJPY succeeds to beach – Analysis - 29-03-2021
The USDJPY pair succeeded to breach 109.22 and rallied bullishly to approach 110.00 barrier, which support the continuation of our bullish overview efficiently in the upcoming period, reminding you that our next target is located at 110.30.
The EMA50 continues to support the expected bullish wave, organized inside the bullish channel that appears on the chart, noting that holding above 109.20 – 109.00 levels is important to continue the suggested rise.
The expected trading range for today is between 109.00 support and 110.30 resistance
The expected trend for today: Bullish
The GBPUSD is retesting - Analysis - 29-03-2021
The GBPUSD pair retested the broken support of the double top pattern and the broken support of the bullish channel that appears on the chart, and keeps its stability below it, noticing that the EMA50 meets the current resistance areas to add more strength to them, while stochastic shows clear negative signals now.
Therefore, these factors encourage us to suggest the bearish trend in the upcoming sessions, which its next main target located at 1.3580, noting that the continuation of the expected decline requires holding below 1.3805.
The expected trading range for today is between 1.3690 support and 1.3830 resistance.
The expected trend for today: Bearish
The EURUSD attempts to recover – Analysis - 29-03-2021
The EURUSD pair settled above 1.1780, but we notice that the price begins today with bearish bias to press on the mentioned level, as stochastic overlaps negatively to motivate the price to provide more expected negative trades in the upcoming sessions.
Therefore, we will keep our bearish overview that target 1.1700 as a next main station, noting that failing to break 1.1780 will lead the price to achieve intraday gains that start by testing 1.1885 areas before any new attempt to decline.
The expected trading range for today is between 1.1700 support and 1.1850 resistance.
The expected trend for today: Bearish
Update: Crude oil price breaches the resistance levels
Crude oil price rallied upwards strongly to breach 59.85 level and begins to attack the correctional bearish channel’s resistance, which stop the recently suggested negative scenario and lead the price to turn to rise, noting that closing today above 60.85 will confirm heading to achieve more gains that reach 64.45, while breaking 59.85 represents the key to return to the negative track that its next target located at 54.85.