Currency Pairs Market Analysis

[Solid ECN]

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USDJPY achieves new gains​

The USDJPY pair rallied upwards yesterday to breach the bearish channel’s resistance and settles above it, to hint the attempt to recover on the intraday basis, but we notice that stochastic shows clear negative signals that put the price under negative pressure now, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend.
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Note that continuing the rise and breaching 133.30 will lead the price to turn to the bullish trend and achieve gains that start at 134.50, while breaking 131.75 support will push the price back to the bearish track to head towards visiting 128.90 on the near term basis.

The expected trading range for today is between 131.30 support and 132.30 resistance.​

 

[Solid ECN]

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EURUSD Tests the Support ​

The EURUSD pair settles at 1.0515 support line, as the price keeps its consolidation above this level, accompanied by witnessing clear positive signals through stochastic, to believe that the chances valid to resume the main bullish trend, which its targets begin at 1.0625 and extend to 1.0745 after surpassing the previous level.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.0515 will push the price to achieve additional decline that targets 1.0425 areas initially. The expected trading range for today is between 1.0470 support and 1.0620 resistance.​

 

[Solid ECN]

GBPUSD Breaks the Support​

The GBPUSD pair declined strongly yesterday to break 1.1950 level and settles below it, to open the way to achieve more bearish correction, targeting visiting 1.1795 areas on the near term basis.

Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.1950 and holding above it will stop the expected decline and lead the price to start recovery attempts that target testing 1.2035 level initially. The expected trading range for today is between 1.1840 support and 1.2 resistance.​

 

[Solid ECN]

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EURUSD - Growth is possible.​

If the assumption is correct, the EURUSD pair will grow to the area of 1.1000 – 1.1196. In this scenario, critical stop loss level is 1.0485.

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[Solid ECN]

GBPUSD - Growth is possible.​

If the assumption is correct, the GBP/USD pair will grow to the area of 1.2900 – 1.3500. In this scenario, critical stop loss level is 1.1833.

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[Solid ECN]

GBPJPY Tends Towards the Positivity​

Despite the GBPJPY pair’s recent weak trades, its frequent positive consolidation above 158.7 increases the chances of renewing the bullish attempts, to keep waiting to react to stochastic positivity by targeting many positive stations near 161 and 162.9.

On the other hand, facing new negative pressures and crawling below 158.70 support line will force it to renew the negative trades, to expect targeting the negative stations at 158 followed by 156.6. The expected trading range for today is between 159 and 161.​

 

[Solid ECN]

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AUDUSD Surpasses the First Target​

The AUDUSD pair rallied upwards sharply after leaning on the bullish channel’s support line, to surpass our first positive target at 0.6905 and open the way to achieve more expected gains in the upcoming period, waiting to visit 0.7000 as a next main target.

The EMA50 supports the expected bullish wave, noting that breaking 0.6880 might press on the price to test 0.6770 areas before any new attempt to rise. The expected trading range for today is between 0.6870 support and 0.7000 resistance​

 

[Solid ECN]

EURUSD Surpasses the Resistance​

The EURUSD pair managed to breach 1.0745 level and hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0915 as a next main station, supported by the EMA50.

On the other hand, we should note that breaking 1.0745 and holding below it will put the price under negative pressure that targets testing 1.0645 areas initially.

The expected trading range for today is between 1.0700 support and 1.0860 resistance.​

 

[Solid ECN]

NZDUSD Awaits the Breach​

The NZDUSD pair continues to fluctuate within the bullish flag pattern, waiting to breach 0.6375 to activate the positive effect of this pattern followed by rallying towards 0.6440 followed by 0.6510 levels mainly.

In general, the bullish trend will remain valid conditioned by the price stability above 0.6275. The expected trading range for today is between 0.6330 support and 0.6450 resistance.​

 

[Solid ECN]

EURUSD Resumes the Rise​

The EURUSD pair rallied upwards strongly yesterday to reach 1.0850 areas, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 1.0915.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.0745 and holding below it. The expected trading range for today is between 1.0770 support and 1.0940 resistance.​

 

[Solid ECN]

USDCAD touches the target

The USDCAD pair managed to touch our waited target at 1.3350 and finds solid support there, to show some bullish bias affected by stochastic positivity, while the EMA50 forms negative pressure against the price to support the chances of continuing the main bearish trend and surpass the mentioned level to head towards 1.3205 as a next negative station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 1.3425 will push the price to achieve additional gains and test 1.3500 before any new attempt to decline. The expected trading range for today is between 1.3300 support and 1.3450 resistance.​

 

[Solid ECN]

EURUSD Gets New Positive Signal ​

The EURUSD pair resumes its positive trading after the temporary decline that it witnessed in the previous sessions, reinforcing the expectations of continuing the bullish trend, motivated by the positive overlapping signal provided by stochastic now, waiting to visit 1.0915 as a next main target.

The EMA50 continues to support the suggested bullish wave, which will remain valid as long as 1.0745 level remains intact. The expected trading range for today is between 1.0790 support and 1.0950 resistance.​

 

[Solid ECN]

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USDCHF Loses Momentum​

The USDCHF pair fluctuates at the EMA50, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trading that its targets begin by breaking 0.9215 to open the way to visit 0.9150 followed by 0.9100 levels.

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9330 and holding above it. The expected trading range for today is between 0.9170 support and 0.9300 resistance.​

 

[Solid ECN]

AUDUSD Awaits more Rise​

The AUDUSD pair faced temporary negative pressure in the previous sessions to lean on the intraday support line that appears on the chart and begins rising now, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to provide more positive trades on the intraday and short term basis, reminding you that our next target is located at 0.7080.

Therefore, our bullish overview will remain valid conditioned by the price stability above 0.6915. The expected trading range for today is between 0.6920 support and 0.7040 resistance.​

 

[Solid ECN]

GBPUSD Technical Analysis​

The GBPUSD pair shows calm trades since morning, and AC provides the positive signals, waiting to resume the bullish trend that targets 1.2440 level as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 1.2150.

The expected trading range for today is between 1.2130 support and 1.2290 resistance.​

 

[Solid ECN]

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USDCAD - Growth is possible.​

On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (3) of 5 forms. Now, the wave 5 of (3) is developing, within which the wave i of 5 has appeared, a local correction has ended as the wave ii of 5, and the formation of the wave iii of 5 is starting.

If the assumption is correct, the USDCAD pair will grow to the area of 1.3978 – 1.45. In this scenario, critical stop loss level is 1.3315.

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[Solid ECN]

USDCHF - Growth is possible​

On the daily chart, the third wave of the higher level 3 develops, within which the upward first wave (1) of 3 formed, and a downward correction ended as the second wave (2) of 3. Now, the wave C of (2) has ended, and the development of the upward wave (3) of 3 has started, within which the first entry wave of the lower level i of 1 of (3) has formed.

If the assumption is correct, the USDCHF pair will grow to the area of 0.99 – 1.0147. In this scenario, critical stop loss level is 0.9164.

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[Solid ECN]

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AUDUSD - Australian construction sector remains under pressure​

Significant problems in the national economy constrain the positive dynamics of the Australian currency: another negative signal came from the real estate sector, where the Q4 total volume of commissioning of new housing decreased by 5.2% to 45.489K, and the indicator in the private sector – by 4.9 % to 28.895K. Construction in other housing projects fell by 5.2%, amounting to 15.618K, and the total cost of work performed in the industry increased by 1.5%, reaching 30.6B Australian dollars. After the June reversal of the trend, the indicators of the construction sector are declining, approaching the historical lows of the pandemic 2020.

On the daily chart of the asset, the trading instrument is moving within a narrow upward corridor, rising in the direction of the resistance line, and the technical indicators strengthen the buy signal.

Resistance levels: 0.7048, 0.7257 | Support levels: 0.6915, 0.6719​

 

[Solid ECN]

EURUSD Technical Analysis​

The EURUSD pair bounced upwards strongly after leaning on the EMA50, to resume the main bullish track and head towards achieving our next main target at 1.0915, to keep the bullish trend scenario valid and active for the upcoming period unless breaking 1.0745 and holding below it.

The expected trading range for today is between 1.0800 support and 1.0900 resistance.​

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[somrat4030]

View attachment 5080

EURCHF attempts to resume the rise

The EURCHF pair succeeded to provide new positive close above the moving average 55 at 0.9845, to confirm its surrender to the domination of the suggested bullish bias and approach the first target at 0.99. Note that stochastic continuous positive momentum will provide additional chance to record additional gains that might extend towards 0.9935 followed by 1.0 in the medium term period.

View attachment 5081

The expected trading range for today is between 0.9865 and 0.9935, and the expected trend for today is Bullish.​

I am bullish. I am long at .9890ish and I am confident this pair will shoot through to 1.0020 at the very least in the near future…