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Gold reaches the target – Analysis - 12-04-2018
Gold price achieved strong gains yesterday to reach our waited target at 1365.97, noting that the price continues to decline calmly, and stochastic negativity still valid, noticing that the indicator gets rid of its negative momentum gradually to head towards the oversold areas, to provide positive factor that we are witing to assist to push the price to rise again.
In general, we expect the continuation of the overall bullish trend domination unless breaking 1335.40 and holding below it, a breaking this level will push the price back to the correctional bearish track, while breaching 1365.97 represents the key to rally towards 1390.00 followed by 1400.00 levels as next main stations.
Expected trading range for today is between 1330.00 support and 1370.00 resistance.
Expected trend for today: Bullish
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USDCAD breaks the support barrier – Analysis - 12-04-2018
The USDCAD pair resumed its negative trading to surpass 1.2600 barrier and settles below it, reinforcing the expectations of continuing the bearish trend in the upcoming period, waiting to target 1.2500 followed by 1.2463 levels that represent our next main stations.
MoreUSDJPY tests the support again – Analysis - 12-04-2018
The USDJPY pair returned to test the key support 106.71, accompanied by witnessing positive signals through stochastic, which forms positive motive that we are waiting to push the price to rise in the upcoming sessions, to keep the bullish trend active until now, noting that breaching 107.50 is important to confirm opening the way to head towards our next main target at 107.98.
MoreGBPUSD is stable – Analysis - 12-04-2018
The GBPUSD pair fluctuates near 1.4200 barrier, noticing that stochastic shows clear overbought signals, which might cause some sideways fluctuation before attempting to resume the bullish trend.
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