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Gold price gathers the positive momentum – Analysis - 22-10-2021
Gold price didn’t show any strong move yesterday, to continue fluctuating around 1785.00, thus, no change to the bullish trend scenario that depends on the price stability above 1770.00, supported by the positive signals provided by stochastic now, reminding you that our expected targets begin at 1797.00 and extend to 1825.15 after breaching the previous level.
The expected trading range for today is between 1770.00 support and 1800.00 resistance.
The expected trend for today: Bullish
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The USDCAD tests the resistance – Analysis - 22-10-2021
The USDCAD pair resumes its negative trades clearly to move away from 1.2365, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50 that presses negatively on the price, and the way is open to achieve our waited target at 1.2230.
MoreThe USDJPY is forced to decline – Analysis - 22-10-2021
The USDJPY pair broke 114.10 level strongly and declined to head towards potential test to the bullish channel’s support line around 113.40, making the bearish bias suggested for the upcoming sessions, organized inside the intraday bearish channel that appears on the chart.
MoreThe GBPUSD under the negative pressure - Analysis - 22-10-2021
The GBPUSD pair ended yesterday below 1.3795, which leads the price to achieve expected decline in the upcoming sessions, targeting visiting 1.3720 mainly, waiting for bullish rebound to resume the main bullish track again after testing the mentioned level.
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