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Gold price around the support – Analysis - 19-07-2018
Gold price fluctuates around the bearish channel’s support line that appears on the chart, and the EMA50 keeps forming the negative pressure against the intraday and short term trades, to continue suggesting the bearish trend in the upcoming period, depending on the price stability below 1243.00, noting that we are waiting to visit 1204.80 level that represents our next main target.
Expected trading range for today is between 1205.00 support and 1240.00 resistance.
Expected trend for today: Bearish
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USDCAD approaches the support again – Analysis - 19-07-2018
The USDCAD pair trades negatively now to approach testing 1.3128 level, and as long as the price is above this level, our bullish overview will remain active, supported by the EMA50, reminding you that our main waited target is located at 1.3382.
MoreUSDJPY gets the positive momentum – Analysis - 19-07-2018
The USDJPY pair shows some slight bearish bias to test the intraday bullish channel’s support line, accompanied by stochastic reach to the oversold areas, to form positive motive that we expect to push the price to resume the bullish trend that its next target located at 113.38.
MoreGBPUSD loses momentum – Analysis - 19-07-2018
The GBPUSD pair shows some bullish bias after reaching 1.3000 barrier yesterday, noticing that stochastic loses its positive momentum to support the chances of bouncing bearishly and resume the bearish trend in the upcoming sessions.
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