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

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

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