Gold price faces solid support – Analysis - 15-06-2022
Gold price finds difficulty to confirm breaking 1810.00 level, and continues to fluctuate around it, waiting to get negative motive that assist to push the price to surpass the mentioned level and open the way to achieve our next expected target at 1780.25.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1838.10 followed by 1850.00 levels and holding above them.
The expected trading range for today is between 1790.00 support and 1830.00 resistance.
The expected trend for today: Bearish
The USDCAD surpasses the target – Analysis - 15-06-2022
The USDCAD pair succeeded to achieve our waited target at 1.2930 and breached it to settle above it, confirming the continuation of the bullish trend on the intraday and short term basis, noting that the next target is located at 1.3000.
The EMA50 continues to support the bullish wave, noting that holding above 1.2930 represents initial condition to achieve the waited targets.
The expected trading range for today is between 1.2890 support and 1.3030 resistance.
The expected trend for today: Bullish
The USDJPY hits the extended targets – Analysis - 15-06-2022
The USDJPY pair resumed the bullish rally to succeed achieving our extended target at 135.50, showing temporary decline to test the bullish channel’s support line, waiting to resume the positive trades to achieve additional gains that reach 136.00.
Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 134.30 will press on the price to achieve some bearish correction before turning back to rise again.
The expected trading range for today is between 134.50 support and 135.90 resistance
The expected trend for today: Bullish
The GBPUSD keeps declining - Analysis - 15-06-2022
The GBPUSD pair suffered additional losses yesterday to succeed achieving our extended target at 1.2000, and attempted to break it to reach 1.1930 areas, but it recovers now and heads towards potential test to the resistance line formed around 1.2070, affected by stochastic positivity.
The EMA50 continues to press negatively on the price, to continue suggesting the bearish trend for the upcoming period unless the price rallied to breach 1.2070 followed by 1.2150 levels and holding above them, noting that our next target reaches 1.1900.
The expected trading range for today is between 1.1930 support and 1.2100 resistance.
The expected trend for today: Bearish