Gold price breaches the resistance – Analysis - 23-12-2021
Gold price breached 1797.00 level clearly and closed the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, paving the way to head towards 1825.15 as a main positive target.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1797.00 will stop the expected bullish bias and press on the price to decline again.
The expected trading range for today is between 1790.00 support and 1825.15 resistance.
The expected trend for today: Bullish
The USDCAD hits the negative targets – Analysis - 23-12-2021
The USDCAD pair succeeded to achieve our waited negative targets and settles at 1.2840, and we expect the continuation of the decline to visit the bullish channel’s support line around 1.2730.
Therefore, we are waiting for more bearish bias in the upcoming sessions, taking into consideration that failing to break 1.2840 will lead the price to start recovery attempts that target testing 1.2950 areas initially.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bearish
The USDJPY consolidates above the support base – Analysis - 23-12-2021
The USDJPY pair keeps its stability above 114.00 level, noticing that stochastic gains the positive momentum clearly, to support the chances of resuming the expected bullish trend on the intraday basis, which targets 115.50 level mainly.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 114.00.
The expected trading range for today is between 113.60 support and 114.80 resistance
The expected trend for today: Bullish
The GBPUSD breaches the resistance - Analysis - 23-12-2021
The GBPUSD pair ended yesterday with strong positivity to breach 1.3315 level and settles above it, which leads the price to achieve additional bullish correctional that targets testing 1.3410 and might extend to 1.3485 after breaching the previous level.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.3315 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1.3270 support and 1.3440 resistance.
The expected trend for today: Bullish