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Gold price around the moving average – Analysis - 24-01-2024
Gold price returns to fluctuate around the EMA50, waiting to resume the expected bullish wave on the intraday and short-term basis, which targets visiting 2065.70 mainly.
Breaching 2038.50 will ease the mission of achieving the expected rise, supported by stochastic positivity, noting that breaking 2065.70 will stop the positive scenario and put the price under the correctional bearish pressure again, to head towards 1977.46 areas as a next negative station.
The expected trading range for today is between 2010.00 support and 2045.00 resistance.
The expected trend for today: Bullish
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The USDCAD consolidates below the resistance – Analysis - 24-01-2024
The USDCAD pair shows sideways trades since yesterday, settling below the broken neckline of the double top pattern, to keep the bearish trend scenario active for the upcoming period, waiting to visit 1.3350 mainly.
MoreThe USDJPY gets negative motive – Analysis - 24-01-2024
The USDJPY pair provided negative trades yesterday to touch 147.00 barrier, but we notice that the EMA50 formed solid support that pushed the price to rise and test 148.50 level again, noticing that stochastic overlaps negatively now, waiting to motivate the price to resume the bearish wave that targets 146.60 followed by 145.90 levels as next main stations.
MoreThe GBPUSD tests the support - Analysis - 24-01-2024
The GBPUSD pair faced negative pressure yesterday to test the key support 1.2650, noticing that the price consolidated above this level and bounced bullishly from there, to start attempts to build bullish wave on the intraday basis, waiting to visit 1.2780 followed by 1.2825 levels as next main targets.
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