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Gold price gathers new positive momentum – Analysis - 12-09-2023
Gold price finds difficulty to confirm breaching 1929.00 level, to rebound bearishly and lean on the intraday bullish trend line that appears on the chart, noticing that stochastic provides the positive momentum again, waiting to motivate the price to resume the bullish wave and surpass the mentioned level to open the way to head towards 1945.20 as a next main target.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 1919.80 followed by 1913.15 levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1913.00 support and 1940.00 resistance.
The expected trend for today: Bullish
The USDCAD surpasses the first target – Analysis - 12-09-2023
The USDCAD pair succeeded to achieve our first waited target at 1.3580, noticing that the price broke the bullish channel’s support line and settled below it, reinforcing the expectations of continuing the domination of the bearish trend, and the way is open to head towards 1.3500 as a next main target.
MoreThe USDJPY attempts negatively – Analysis - 12-09-2023
The USDJPY pair provided clear negative trades yesterday to break 146.55 level and reach 145.90, but it returns to fluctuate around the first level, affected by stochastic positivity that loses the positive momentum clearly now, noticing that the EMA50 forms negative pressure against the price.
MoreThe GBPUSD confirms the breach - Analysis - 12-09-2023
The GBPUSD pair ended yesterday above 1.2505, to confirm the continuation of the bullish trend domination on the intraday basis, waiting to resume the bullish bias and head towards 1.2625 as a next main station.
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