Gold price begins positively – Analysis - 30-05-2022
Gold price opens today’s trading with new rise after leaning on 1850.00 level, to resume the bullish wave that targets testing 1890.00 as a next main station, supported by stochastic and the EMA50 positivity.
Therefore, we are waiting for more bullish bias today, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to return to decline again.
The expected trading range for today is between 1845.00 support and 1880.00 resistance.
The expected trend for today: Bullish
The USDCAD reaches the extended target – Analysis - 30-05-2022
The USDCAD pair provided clear negative trades to succeed reaching our extended target at 1.2695, settling there now, and we expect the continuation of the correctional bearish pressure to break this level and open the way to head towards 1.2605 as a next negative target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.2770 and hold above it.
The expected trading range for today is between 1.2640 support and 1.2770 resistance.
The expected trend for today: Bearish
The USDJPY within tight track – Analysis - 30-05-2022
The USDJPY pair keeps its stability below 127.40 level, to keep the negative pressure valid on the intraday and short term basis, noticing that stochastic provides negative signals now, waiting to motivate the price to resume the correctional bearish trend that targets 125.00 as a next main station.
In general, the negative scenario will remain valid conditioned by the price stability below 127.40.
The expected trading range for today is between 126.30 support and 127.50 resistance
The expected trend for today: Bearish
The GBPUSD resumes the rise - Analysis - 30-05-2022
The GBPUSD pair resumes its positive trading to move away from 1.2590 level, reinforcing the expectations of continuing the bullish trend, organized inside the bullish channel that has positive targets that surpass 1.2725 to reach 1.2860.
The EMA50 continues to support the suggested bullish wave, noting that breaking 1.2590 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2590 support and 1.2740 resistance.
The expected trend for today: Bullish