Gold price begins with new positivity – Analysis - 25-11-2022
Gold price opens today’s trading positively to approach our first waited target at 1765.00, getting continuous support by the EMA50, waiting to breach the mentioned level to confirm extending the bullish wave towards 1786.50.
Therefore, the bullish trend scenario will remain valid for the upcoming period, noting that breaking 1746.40 will stop the suggested rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bullish
The USDCAD within tight track – Analysis - 25-11-2022
The USDCAD pair didn’t show any strong move since yesterday, to remain stable below 1.3350 level, thus, our bearish overview will remain valid and active for the upcoming period, as the price completed forming double top pattern that has negative targets that reach 1.3205.
The EMA50 supports the expected decline, which will remain valid unless breaching 1.3350 and holding above it.
The expected trading range for today is between 1.3250 support and 1.3400 resistance.
The expected trend for today: Bearish
The USDJPY loses momentum – Analysis - 25-11-2022
The USDJPY pair settles below 139.45 level, to keep the negative pressure valid, supported by the EMA50 that pushes the price to the downside, organized inside the bullish channel that has negative targets that start at 137.60 and extend to 136.50.
Therefore, the bearish trend scenario will remain dominant in the upcoming sessions conditioned by the price stability below 139.45.
The expected trading range for today is between 137.60 support and 139.60 resistance
The expected trend for today: Bearish
The GBPUSD gathers the positive momentum - Analysis - 25-11-2022
The GBPUSD pair continues to rise to reach 1.2160 areas, and returns to fluctuate around 1.2100 level now, affected by stochastic negativity that gains the positive momentum now, waiting to resume the positive trades to head towards our next target that rises to 1.2260.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.1990.
The expected trading range for today is between 1.2030 support and 1.2210 resistance.
The expected trend for today: Bullish