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Gold price completes a positive pattern – Analysis - 13-09-2019
Gold price completed forming falling wedge pattern that its signs appear on the chart, to trade with clear positivity yesterday, and it returns to fluctuate near the main bullish trend line that appears on the chart, accompanied by stochastic reach to the oversold areas.
Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, and the targets begin by confirming breaching 1508.00 barrier to open the way to rally towards 1555.00 areas mainly, taking into consideration that breaking 1485.00 will stop the expected rise and press on the price to start correctional bearish wave on the short term basis.
The expected trading range for today is between 1485.00 support and 1525.00 resistance.
The expected trend for today: Bullish
The USDCAD attempts to recover – Analysis - 13-09-2019
The USDCAD pair breached 1.3200 level and settled above it, to turn to rise on the intraday basis, on its way to test 1.3285 mainly.
MoreThe USDJPY reaches the first target – Analysis - 13-09-2019
The USDJPY pair succeeded to reach our first waited target at 108.30, showing some slight bearish bias affected by stochastic negativity, but it gets continuous positive support by the EMA50, to support the chances of breaching the mentioned level and open the way to visit 109.30 as a next station.
MoreThe GBPUSD awaits the confirmation signal – Analysis - 13-09-2019
The GBPUSD pair attempted to break 1.2326 level but it couldn’t manage to hold below it, as the EMA50 formed good support against the price, to keep the price stuck between the trend keys represented by the mentioned support and 1.2400 resistance, to keep our neutrality valid until now.
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