The USDJPY tests the support base – Analysis - 10-01-2022
The USDJPY pair tested 115.35 level and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, motivated by stochastic positivity, waiting to visit 116.50 as a next target.
The EMA50 supports the expected rise, noting that breaking 115.35 might press on the price to achieve some bearish correction on the intraday basis before turning back to rise again.
The expected trading range for today is between 115.30 support and 116.50 resistance
The expected trend for today: Bullish
The GBPUSD surpasses the resistance - Analysis - 10-01-2022
The GBPUSD pair managed to breach 1.3565 level and hold above it, which supports the expectations of the bullish trend efficiently for the upcoming period, waiting to head towards 1.3660 that represents our next station.
The bullish channel continues to organize the suggested bullish wave, noting that holding above 1.3565 and 1.3540 is important to continue the expected rise.
The expected trading range for today is between 1.3510 support and 1.3680 resistance.
The expected trend for today: Bullish
The EURUSD achieves intraday gains – Analysis - 10-01-2022
The EURUSD pair begins to rebound bearishly by today’s open after the rise that it witnessed in the previous sessions and approaching 1.1375 level, noticing that stochastic provides negative signals that support the expectations of achieving more decline in the upcoming sessions, noting that the targets begin at 1.1285 and extend to 1.1150 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend unless breaching 1.1375 and holding above it.
The expected trading range for today is between 1.1250 support and 1.1400 resistance.
The expected trend for today: Bearish
Evening update for Crude oil 07-01-2022
Crude oil price faces negative pressure to break 79.40 level and heads towards testing the bullish channel’s support line around 77.95, which urges caution from the upcoming trading, as continuing the bearish bias will press on the price to suffer additional losses that reach 76.40, while breaching 79.80 will lead the price to resume the main bullish trend that its next target located at 81.75.