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Gold price is recovering – Analysis - 08-09-2023
Gold price opens today’s trading with clear positivity to exit the intraday bearish channel that confined the recent trades and heads towards achieving expected gains in the upcoming sessions, and the targets begin by surpassing 1929.00 to confirm heading towards 1945.20 as a next main station.
Therefore, the bullish bias will be expected for today, supported by stochastic positivity, noting that the consolidation of 1929.00 level against the current bullish wave will stop the positive scenario and push the price to decline again.
The expected trading range for today is between 1915.00 support and 1945.00 resistance.
The expected trend for today: Bullish
The USDCAD gets a positive close – Analysis - 08-09-2023
The USDCAD pair begins today’s trading with slight bearish bias, but we notice that the price closed yesterday above 1.3680, which supports the chances of continuing the expected bullish trend for the upcoming period, which targets 1.3760 as a next station.
MoreThe USDJPY tests the support base – Analysis - 08-09-2023
The USDJPY pair tested the key support 146.55 and bounced bullishly from there, to settle above 147.00 barrier again, which keeps the bullish trend scenario valid and active for the upcoming period, motivated by stochastic positivity that appears clearly now, waiting to head towards our next target at 148.40.
MoreThe GBPUSD tests the resistance - Analysis - 08-09-2023
The GBPUSD pair is testing the key resistance 1.2505 and keeps its stability below it until now, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the main bearish trend, which its next target located at 1.2395.
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