USD / CAD re-testing - Analysis - 24-11-2017

USD / CAD re-testing - Analysis - 24-11-2017

The USD / CAD pair is retesting the previously breached 1.2723, with Stochastic reaching overbought areas, noting that SMA 50 meets the mentioned level to add more strength to it.

Therefore, we believe that opportunities are available for resuming the downside move in the coming period, waiting to break the 1.2665 level to facilitate the move toward our first target at 1.2470, taking into account that a breach of 1.2723 - 1.2740 will stop the suggested decline and push the price to visit 1.2927 areas. .

The trading range for today is expected among 1.2620 support and 1.2780 support

The general trend for today is bearish

Australian Dollar Maintains Negative Stability - Analysis

Australian Dollar Maintains Negative Stability - Analysis - 24-11-2017 The AUDUSD extended sideways trading yesterday, steady below 0.7633, and negative pressure remains intact, supported by the negative signal appearing on Stochastic, pending a resumption of the bearish bias targeting 0.7516 initially. Recall that breaking the mentioned level will push the price towards 0.7415 as the next major station, while breaching 0.7633 will push the pair to test 0.7727 before any new attempt to decline. The trading range for today is expected among the support at 0.7520 and the resistance at 0.7680 The general trend for today is bearish

EUR / JPY is strongly influenced by the moving average - analysis

EUR / JPY is strongly influenced by the moving average - analysis - 23-11-2017 




 Even though the pair provided several negative closures below the stable resistance at 132.30, but forming the SMA 55 for initial support around 130.85 is a strong barrier to resuming the negative attack. We expect the pair to provide additional sideways trading until it consolidates a new negative trend, thus breaking the current obstacle. And then be drawn towards the main negative target around 129.80. 

 The trading range for today is expected between 132.30 and 130.85 The expected general treeved

GBP vs. JPY without any new-analysis

GBP vs. JPY without any new-analysis -23-11-2017

The pair is constantly losing its bullish momentum, forcing the pair to provide additional bullishness around 148.30, so we will wait for the pair to consolidate the bullish momentum needed to resume the positive attack targeting mainly 150.00 and 151.50 respectively.

We would like to point out that the attempt to drop the price without support centered at 147.35, it will postpone the bullish momentum to expect the start of the formation of the corrective trades may push it to reach around 146.60 and 144.30, respectively.

The trading range is expected between 147.35 and 150.00

The general trend for today is bullish.