Gold price is stable – Analysis - 14-11-2019
Gold price settles near 1465.00 since yesterday, noticing that stochastic begins to surpass its negative momentum, waiting for resuming the bullish bias that targets testing 1489.00 level in the upcoming sessions.
Therefore, we will keep our intraday bullish trend expectations unless breaking 1447.00 level and holding below it, where breaking it will push the price to head to the next correctional level that is located at 1413.10.
The expected trading range for today is between 1450.00 support and 1480.00 resistance.
The expected trend for today: Bullish
The USDCAD builds support base – Analysis - 14-11-2019
The USDCAD pair leaned on the support base that formed above 1.3240 level, and begins rising again, keeping the bullish trend valid and active in the upcoming period, organized within the bullish channel that appears in the above chart, reminding you that our next target at 1.3295.
Breaching the targeted level will open the way towards 1.3380 as a next main target, while holding above 1.3155 represents the most important condition for the continuation of the expected rise.
The expected trading range for today is between 1.3200 support and 1.3340 resistance.
The expected trend for today: Bullish
The USDJPY approaches the support – Analysis - 14-11-2019
The USDJPY pair shows negative trading since yesterday to test the bullish correctional channel’s support, noticing that stochastic shows positive signals on the four hours time frame, which keeps the chances available for trading positively in the upcoming sessions.
Therefore, we will keep our bullish trend expectations unless breaking 108.40 level and holding below it, reminding you that our main targets begin at 109.33 and extend to 110.50 after breaching the previous level.
The expected trading range for today is between 108.00 support and 109.50 resistance
The expected trend for today: Bullish
The GBPUSD continues to fluctuate – Analysis - 14-11-2019
The GBPUSD pair hovers near 1.2840 level, as we mentioned in our last reports, the stability of the price above this level and above 1.2800 will keep the positive scenario active in the upcoming period, where breaking it will push the price under a negative pressure that its main targets begin at 1.2670.
On the other hand, the price needs to surpass 1.2895 level to ease the mission of resuming the bullish trend that targets 1.3045 levels mainly.
The expected trading range for today is between 1.2770 support and 1.2940 resistance.
The expected trend for today: Bullish