Gold price faces temporary negative pressure – Analysis - 29-12-2021
Gold price bounced bearishly after testing 1820.00 level yesterday, to move around 1805.00 level, noting that stochastic shows clear positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1825.15 level initially, reminding you that it is important to hold above 1797.00 to continue the suggested rise.
The expected trading range for today is between 1795.00 support and 1825.00 resistance.
The expected trend for today: Bullish
The USDCAD begins to rise – Analysis - 29-12-2021
The USDCAD pair begins to provide positive trades to move away from the bullish channel’s support line, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its first target located at 1.2950.
Therefore, our bullish overview will remain active on the intraday and short term basis, noting that holding above 1.2780 represents key condition to continue the expected rise.
The expected trading range for today is between 1.2760 support and 1.2900 resistance.
The expected trend for today: Bullish
The USDJPY gets a positive signal – Analysis - 29-12-2021
The USDJPY pair didn’t show any strong move yesterday, which keeps our bullish trend scenario valid and active for the upcoming period, supported by the positive overlapping signal provided by stochastic now, waiting to resume the bullish bias to visit 115.50 as a next main target, reminding you that it is important to hold above 114.00 to continue the expected rise.
The expected trading range for today is between 114.20 support and 115.50 resistance
The expected trend for today: Bullish
The GBPUSD tests the support base - Analysis - 29-12-2021
The GBPUSD pair tested the key support formed above 1.3410 and keeps its stability above it, waiting to resume the correctional bullish trend, which targets 1.3485 followed by 1.3565 levels as next main stations.
Stochastic gains the positive momentum clearly to support the expectations of resuming the bullish bias, noting that holding above 1.3370 represents key condition to continue the expected rise.
The expected trading range for today is between 1.3360 support and 1.3410 resistance.
The expected trend for today: Bullish