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Gold price hits the first negative target – Analysis - 14-06-2022
Gold price continued to decline to achieve our first suggested negative target at 1810.00 and shows some bullish bias now, affected by stochastic positivity, on its way for potential test to the first key resistance 1838.10, noting that we suggest the continuation of the bearish trend domination in the upcoming period, as the next target is located at 1780.25.
Therefore, the bearish trend scenario will remain expected on the intraday basis unless breaching 1850.00 and holding with a daily close above it.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
The USDCAD keeps rising – Analysis - 14-06-2022
The USDCAD pair shows more bullish bias to test 1.2900 barrier, waiting for more rise to head towards our next positive target at 1.2930.
Holding above 1.2840 is important to continue the expected rise, noting that surpassing 1.2930 will extend the bullish wave to target the psychological barrier at 1.3000 as a next positive station.
The expected trading range for today is between 1.2830 support and 1.2970 resistance.
The expected trend for today: Bullish
The USDJPY keeps its positive stability – Analysis - 14-06-2022
The USDJPY pair faced negative pressure yesterday to attack 133.75 level, but it bounced bullishly to settle around the bullish channel’s support line that appears on the chart, noticing that stochastic provides positive signals that support the chances of continuing the expected bullish trend on the intraday and short term basis, which its next targets located at 135.00 followed by 135.50.
The EMA50 keeps supporting the suggested bullish wave, reminding you that it is important to hold above 133.75 to continue the suggested rise.
The expected trading range for today is between 133.75 support and 135.00 resistance
The expected trend for today: Bullish
The GBPUSD keeps achieving the negative targets - Analysis - 14-06-2022
The GBPUSD pair managed to achieve our waited target at 1.2155 and fluctuates around it, noticing that the price closed the daily candlestick below it, to pave the way to continue the decline on the intraday and short term basis, noting that the next targets extend to 1.2070 followed by 1.2000.
The EMA50 supports the expected decline, taking into consideration that failing to surpass 1.2155 will lead the price to start recovery attempts and achieve gains that start at 1.2220 followed by 1.2295.
The expected trading range for today is between 1.2050 support and 1.2220 resistance.
The expected trend for today: Bearish