Gold price awaits the confirmation signal – Analysis - 26-05-2020
Gold price still stuck between the key levels represented by 1725.90 support and the resistance that declines now to 1742.00, thus, our neutrality will remain valid until the price confirms breaching one of these levels to detect its next targets clearly.
We remind you that breaking the mentioned support will put the price under negative pressure that targets testing 1691.10 mainly, while breaching the resistance will form positive motive that supports the chances of turning back to the main bullish track that its next main target located at 1810.00.
The expected trading range for today is between 1705.00 support and 1750.00 resistance.
The expected trend for today: Depends on the above mentioned levels
The USDCAD is stable – Analysis - 26-05-2020
The USDCAD pair keeps its stability below 1.4015, showing slight bearish bias in attempt to move away from this level, therefore, we will continue to suggest the bearish trend for the upcoming period, which depends on the price stability below the mentioned level, reminding you that our next main target is located at 1.3813.
The expected trading range for today is between 1.3900 support and 1.4040 resistance.
The expected trend for today: Bearish
The USDJPY gets a positive close – Analysis - 26-05-2020
The USDJPY pair got a positive close above 107.68 despite the recent weak trades, which supports the continuation of the expected bullish trend on the intraday basis, organized inside the bullish channel that appears on the chart, which targets 109.22 level as a next main station, reminding you that it is important to hold above 107.35 to continue the expected rise.
The expected trading range for today is between 107.00 support and 108.60 resistance
The expected trend for today: Bullish
No news for the GBPUSD – Analysis - 26-05-2020
The GBPUSD pair did not show any strong move since yesterday, to continue fluctuating around 1.2200, thus, our bearish overview will remain valid as is, supported by the EMA50 besides stochastic loss to the positive momentum, waiting to visit 1.2093 as a next main target, noting that holding below 1.2225 represents initial condition to continue the suggested decline.
The expected trading range for today is between 1.2090 support and 1.2250 resistance.
The expected trend for today: Bearish