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Gold price completes negative pattern – Analysis - 13-09-2023
Gold price confirmed breaking 1913.15 after ending yesterday below it, starting today with new decline to head towards achieving negative targets that start at 1890.00, noting that the head and shoulders’ pattern that appears on the chart has additional negative targets that reach 1873.50.
Therefore, we are waiting for more expected decline in the upcoming sessions, taking into consideration that breaching 1913.15 followed by 1916.80 levels will stop the negative scenario and lead the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1875.00 support and 1920.00 resistance.
The expected trend for today: Bearish
The USDCAD gets positive motive – Analysis - 13-09-2023
The USDCAD pair’s declined stopped around 1.3545, to start providing positive trades by today’s open, affected by stochastic positivity, which hints heading to achieve expected gains in the upcoming sessions, targeting testing 1.3610 level initially, noting that breaching this level will push the price to 1.3680 as a next positive target.
MoreThe USDJPY is recovering – Analysis - 13-09-2023
The USDJPY pair breached 146.90 level clearly to head towards resuming the main bullish trend again, organized inside the bullish channel that appears on the chart, which supports the chances of surpassing the recently recorded high at 147.86 to head towards 149.00 areas as a next main station.
MoreThe GBPUSD breaks the support - Analysis - 13-09-2023
The GBPUSD pair confirmed breaking 1.2505 after closing the daily candlestick below it, to head towards resuming the bearish trend within the bearish channel that appears on the chat, on its way to achieve negative targets that start at 1.2400 and extend to 1.2310.
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