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Gold price hits the target – Analysis - 15-09-2022
Gold price managed to touch our first waited target at 1690.00 and presses negatively on it, in attempt to confirm breaking it, reinforcing the expectations of continuing the bearish trend, noting that our next targets begin at 1680.00 and extend to 1655.00 after surpassing the previous level.
Therefore, the bearish trend scenario will remain valid and active on the intraday and short term basis, supported by the EMA50, noting that breaching 1700.00 might push the price to achieve temporary gains and test 1726.60 areas before any new attempt to decline.
The expected trading range for today is between 1670.00 support and 1705.00 resistance.
The expected trend for today: Bearish
The USDCAD awaits more rise – Analysis - 15-09-2022
The USDCAD pair provides mixed trades since yesterday, keeping its stability above the bullish channel’s support line, to keep the chances valid to continue the expected bullish trend for the upcoming period, motivated by the positive signal provided by stochastic, waiting to test 1.3220 initially.
We remind you that breaching the mentioned level will push the price to 1.3300 as a next positive station, while the price needs to hold above 1.3140 to guarantee the continuation of the expected rise.
The expected trading range for today is between 1.3110 support and 1.3230 resistance.
The expected trend for today: Bullish
The USDJPY faced temporary negative pressure – Analysis - 15-09-2022
The USDJPY pair faced strong negative pressure yesterday to reach the bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic provides clear positive signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its main targets begin at 145.00 and extend to 146.50, taking into consideration that breaking 142.50 will stop the bullish wave and press on the price to start bearish correction on the intraday basis.
The expected trading range for today is between 142.70 support and 144.20 resistance
The expected trend for today: Bullish
The GBPUSD resumes the decline - Analysis - 15-09-2022
The GBPUSD pair continued to rise to test the EMA50 that formed solid resistance against the price, and bounced bearishly to resume the recently suggested bearish wave, motivated by stochastic negativity, waiting for more decline for today to visit 1.1410 areas mainly.
Therefore, our bearish overview will remain valid and active, noting that breaching 1.1610 will lead the price to turn to rise and achieve more bullish correction.
The expected trading range for today is between 1.1430 support and 1.1590 resistance.
The expected trend for today: Bearish