The USDJPY touches the target – Analysis - 13-11-2023
The USDJPY pair managed to touch our waited target at 151.70 and attempts to breach it, to support the chances of achieving more gains on the intraday and short-term basis, noting that the next station reaches 152.50.
The EMA50 continues to support the suggested bullish wave, taking into consideration that failing to breach 151.70 might put the price under strong negative pressure to achieve bearish correction before turning back to rise again.
The expected trading range for today is between 151.00 support and 152.50 resistance
The expected trend for today: Bullish
The GBPUSD awaits more decline - Analysis - 13-11-2023
The GBPUSD pair tested 1.2200 barrier, showing sideways trades in the previous sessions, accompanied by stochastic loss to the positive momentum and reach the overbought areas, to form negative motive that supports the chances of resuming the expected bearish trend on the intraday basis, which its next target located at 1.2170.
Therefore, we will continue to suggest the bearish trend for the upcoming period, and breaking the mentioned level will extend the bearish wave to reach 1.2037, while breaching 1.2297 will stop the current negative pressure and push the price to start new recovery attempts.
The expected trading range for today is between 1.2140 support and 1.2280 resistance.
The expected trend for today: Bearish
The EURUSD loses momentum - 13-11-2023
The EURUSD pair finds good support at the EMA50, to show some slight bullish bias, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trades and test 1.0640 initially, reminding you that breaking this level will push the price to achieve negative targets that start at 1.0540 and extend to 1.0450.
Therefore, the bearish trend will remain active, noting that breaching 1.0695 will lead the price to achieve additional gains that reach 1.0760 before any new attempt to decline.
The expected trading range for today is between 1.0600 support and 1.0740 resistance.
The expected trend for today: Bearish
Snap trims early gains - Analysis - 10-11-2023
Snap's stock advanced in the intraday levels after the important resistance of 11.38 held on and curtained gains, with the stock bouncing lower and trimming gains, amid the dominance of the upward correctional wave in the short term, with negative pressure from the 50-day SMA.
Therefore we expect more gains for the stock, targeting the first resistance of 12.35, provided the resistance of 11.38 was breached.
Expected trend for today: Bullish