|
The USDJPY touches the first target – Analysis - 11-02-2021
The USDJPY pair succeeded to touch our first target at 104.40 and settles near it, noticing that stochastic shows negative signals now, which supports the chances of breaking this level and open the way to head towards our next waited target at 103.65.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 105.20 level and holding with a daily close above it.
The expected trading range for today is between 103.80 support and 105.00 resistance
The expected trend for today: Bearish
Thanks for your feedback.
The GBPUSD keeps rising - Analysis - 11-02-2021
The GBPUSD pair shows more bullish bias to approach 1.3900 barrier, reinforcing the expectations of continuing the main bullish trend, which targets 1.3965 level as a next station.
MoreThe EURUSD gathers the positive momentum – Analysis - 11-02-2021
The EURUSD pair continues to fluctuate around 1.2130 level, noticing that stochastic gets rid of its negative momentum to reach the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 1.2171 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.2300.
MoreAMD tries to shake off negative pressure - Analysis - 10-02-2021
AMD's stock fell 0.61% in the last session after touching the resistance of the 50-day SMA, while gathering momentum to help it shake off the pressure, amid the dominance of the main upward trend in the medium term, with positive signals from the RSI.
More