The GBPUSD pair shows calm positive trades since morning to move above 1.4100 level now, which supports the continuation of our bullish overview for the rest of the day, waiting to head towards 1.4344 that represents our next main target, reminding you that holding above 1.4010 is important to keep rising in the upcoming sessions.
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EUR/USD
The EURUSD pair keeps its stability below 1.2304 level, to keep the negative pressure valid on the intraday basis, waiting to visit 38.2% Fibonacci correction level at 1.2160 in the upcoming sessions.The EMA50 and stochastic form negative factors that support the expectations to decline, reminding you that breaching 1.2304 will lead the price to regain the main bullish trend that its first target located at 1.2536.
USD/CAD
The USDCAD pair traded with clear negativity yesterday to move away from 1.2923 level, noticing that the price completed forming head and shoulders’ pattern that its signs appear on the chart, which supports the continuation of our bearish overview in the upcoming sessions, and the way is open to test 1.2717 level that represents our first main target.Therefore, i suggest the continuation of the bearish trend domination on the intraday and short term basis, and the mentioned pattern supports the…
GBP/USD
The GBPUSD pair continues to crawl upwards after leaning on the short term bullish trend line, getting good positive motives provided by stochastic and the EMA50, to keep the bullish trend scenario valid for the upcoming period, reminding you that our next target is located at 1.4344.On the other hand, we should note that breaking 1.4040 will push the price to turn to decline and test 1.3817 areas before any new attempt to rise.
EUR/USD
The EURUSD pair ended yesterday’s trading at 1.2300 level, as it faced solid resistance formed by the EMA50, but the recent trades were affected by the absence of the liquidity from the markets, which makes us keep the bullish trend scenario that depends on the stability above 1.2304, supported by stochastic reach to the oversold areas and start to provide positive overlapping signal on the four hours’ time frame.
GBP/USD
The GBPUSD pair kept declining to test the short term bullish trend line and attempts to rebound bullishly from there, supported by stochastic reach to the oversold areas, to continue suggesting the bullish trend in the upcoming sessions, waiting to target 1.4344 level mainly.The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1.3990.
AUD/USD
The AUDUSD pair fluctuates within tight track affected by the financial markets’ holidays, noticing that stochastic lost its bullish momentum to move at the overbought areas, while the EMA50 forms negative pressure on the price.Therefore, we will continue to suggest the bearish trend that its targets begin by breaking 0.7650 to open the way to head towards 0.7500, while its continuation conditions holding below 0.7743.
GBP/USD
The GBPUSD pair tested the key resistance 1.3854 and keeps its stability below it until now, as the EMA50 meets this level to add more strength to it, while stochastic moves at the overbought areas now.Therefore, these factors encourage us to continue suggesting the bearish trend that targets testing 1.3700 initially, noting that breaching 1.3854 will push the price to recover and achieve positive targets that start at 1.4041 initially.
GBP/USD
The GBPUSD pair shows some slight bullish bias to continue approaching 1.3854 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to break 1.3700 level to confirm opening the way to head towards 1.3551.
AUD/USD
The AUDUSD pair tests the key support 0.7743, waiting to break this level to confirm the continuation of the bearish trend on the intraday and short term basis, noting that stochastic provides negative signal that supports the chances of achieving the required break.Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 0.7818, noting that our next target reaches 0.7650.