Gold price breaks the support – Analysis - 07-01-2022
Gold price confirmed breaking 1797.00 level after ending yesterday below it, to activate the negative scenario on the intraday basis, on its way to visit 1770.00 as a next main target.
Moving below the EMA50 supports the expected decline, noting that breaching 1797.00 and holding above it will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
The USDCAD under the negative pressure – Analysis - 07-01-2022
The USDCAD pair bounced downwards clearly yesterday after approaching the first waited positive target at 1.2840, to attack 1.2725, but its still above the intraday support line that rises now to 1.2700, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period.
The waited positive targets begin at 1.2850 and extend to 1.2950, while achieving them requires holding above 1.2700.
The expected trading range for today is between 1.2660 support and 1.2800 resistance.
The expected trend for today: Bullish
The USDJPY gets a positive signal – Analysis - 07-01-2022
The USDJPY pair returned to decline again yesterday, but it attempts to recover now, motivated by the positive overlapping signal provided by stochastic, waiting to resume the bullish trend that targets 116.50 as a next main station.
Therefore, the positive scenario will remain valid unless breaking 115.35 and holding below it.
The expected trading range for today is between 115.30 support and 116.50 resistance
The expected trend for today: Bullish
The GBPUSD resumes the rise - Analysis - 07-01-2022
The GBPUSD pair bounced bullishly after testing the bullish channel’s support line, to head towards resuming the bullish wave within the mentioned channel, which supports the chances of surpassing 1.3565 to open the way to head towards 1.3660 as a next main station.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 1.3485 and holding below it.
The expected trading range for today is between 1.3485 support and 1.3640 resistance.
The expected trend for today: Bullish