The USDJPY surpasses the first target – Analysis - 17-11-2021
The USDJPY pair succeeded to achieve our first waited target at 114.70 and breached it to close the daily candlestick above it, confirming the continuation of the bullish trend on the intraday and short term basis, paving the way to head towards 115.50 as a next main target.
The EMA50 continues to support the suggested bullish wave, noting that failing to hold above 114.70 might press on the price to achieve some intraday bearish correction before turning back to rise again.
The expected trading range for today is between 114.30 support and 115.50 resistance
The expected trend for today: Bullish
The GBPUSD keeps its negative stability - Analysis - 17-11-2021
The GBPUSD pair kept its stability below 1.3470 level, and bounced bearishly from there to resume the expected bearish track for the upcoming period, and the way is open to visit 1.3355 as a first target.
Therefore, we are waiting for more expected decline for today, noting that breaking the targeted level will extend the bearish wave to reach 1.3160 on the near term basis, while holding below 1.3470 represents key condition to continue the bearish trend.
The expected trading range for today is between 1.3320 support and 1.3480 resistance.
The expected trend for today: Bearish
The EURUSD hits the extended target – Analysis - 17-11-2021
The EURUSD pair declined strongly to succeed touching our extended waited target at 1.1300 and presses negatively on it now in attempt to confirm breaking it, which supports the chances of continuing the bearish trend in the upcoming sessions, paving the way to head towards 1.1145 areas as a next main station.
Therefore, the bearish trend will remain dominant on the short term and medium term basis, taking into consideration that breaching 1.1375 will stop the current negative pressure and lead the price to attempt to recover and cover some losses that it suffered recently.
The expected trading range for today is between 1.1200 support and 1.1375 resistance.
The expected trend for today: Bearish
PayPal tries to recoup some losses - Analysis - 16-11-2021
PayPal Holdings' stock (PYPL) rose 2.04% in the last session while trying to recoup some losses, as it vented off oversold saturation in the RSI, with positive signals out of them, amid the dominance of the downward correctional short-term trend, coupled with negative pressure from the 50-day SMA.
Therefore we expect the stock to return lower, targeting the support of 204.45 anew, provided the resistance of 226.25 holds on.
Expected trend for today: Bearish