CADJPY 📊
Hello everyone,
✔️ Canadian Dollar Japanese Yen traded at 108.7060 this Thursday September 14th, increasing 0.0110 or 0.01 percent since the previous trading session. Looking back, over the last four weeks, CADJPY gained 0.75 percent. Over the last 12 months, its price fell by 0.14 percent. Looking ahead, we forecast Canadian Dollar Japanese Yen to be priced at 109.1603 by the end of this quarter and at 111.5019 in one year, according to Trading Economics global macro models projections and analysts expectations.
XAUUSD 📊
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✔️ Gold ends the trading week with growth near the 1925 area. XAUUSD quotes continue to move within the correction and bullish channel. Moving averages indicate a bullish trend in Gold. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth. At the moment, we should expect an attempt to develop a decline in prices and a test of the support level near the 1905 area. Next, a rebound in prices and continued growth of Gold with a potential target above the level of 2145.
CADJPY 📊
Hello everyone,
✔️ After BOC rate decision, due the bad economic outlook, maybe first country in to the technical recession, after last week GDP, we expect as bank to keep rate unchanged and that will be a good incentive for the market to CAD. even a higher price of OIL who still keep CAD currency at the top the decline is started already. from a technical perspective we see first impulse created and a big daily flag correction, with a very waisted MACD who suggest price will decline further.
✔️ We still can see the price around 108.5 in to the blocks but 99% will not make a new high to the D market structure changed few months ago in almost all Yen pairs.
✔️ Bear in minds that we are in a very big retracement what is almost done, we need weeks or days, i am very confident that the CADJPY have not more room for upside.
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GBPJPY 📊
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✔️ The GBPJPY pair succeeded to face stochastic negativity by settling within the minor bullish channel, to notice its continuous fluctuation above the additional support near 186.50, and attempt to achieve some gains by approaching the first positive target at 185.10.
✔️ The price has no escape from resuming the bullish attack, to expect surpassing 185.10 and form strong positive rally to target 185.75 followed by reaching 187.25 resistance line.
✔️ The expected trading range for today is between 184.25 and 185.75
✔️ The expected trend for today: Bullish
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GBPJPY 📊
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✔️ The GBPJPY pair ended the last bearish correctional rebound, by testing the minor bullish channel’s support at 182.65, to settle above it in order to reinforce the domination of the bullish scenario, the price needs a new positive momentum, to ease the mission of holding above 183.50 level, then reaching the positive stations at 184.30 reaching 185.20.
✔️ The expected trading range for today is between 183.75 and 184.90
✔️ The expected trend for today: Bullish
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EURJPY 📊
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✔️ The EURJPY pair opened today by forming new bearish wave, attempting to settle below the additional support at 157.00, to hint surrendering to the domination of the correctional bias.
✔️ Also, stochastic begins to provide the negative momentum to increase the efficiency of the bearish track for the near term and medium-term period, allowing us to suggest reaching 156.30 level soon, followed by attempting to test the main bullish channel’s support line at 155.90.
✔️ The expected trading range for today is between 157.40 and 156.30
✔️ The expected trend for today: Bearish
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EURGBP 📊
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✔️ EURGBP is under resistance pressure.There is clearly either a weak buyer or a rather strong seller in the market. Regarding the limit support area, the price continues to push.
✔️ I noted the important level of 0.8541 and 0.8521. And also an important pattern - descending triangle. The support area of the pattern coincides with the area of the limit support. The price has been testing this zone for several months and there is no particularly strong pullback. The price returns to this line every time. Most likely, the weak market continues to hint to us that the global low on the chart may be updated again in the medium term. In priority, I expect a retest of the figure resistance with a further fall to the support area and testing this zone for a breakout and decline to 0.8450.
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