|
Gold price is stable – Analysis - 21-05-2020
Gold price didn’t show any strong move yesterday, to stay stable near 1750.00, therefore, there is no change of the bullish trend scenario that gets a continuous support from the EMA50, organized within the bullish channel that appears in the above chart, waiting for resuming the bullish bias that targets 1805.00 level mainly.
You should be aware that breaking 1731.00 will stop the suggested rise and presses on the price to began a bearish correctional wave on the intraday basis.
The expected trading range for today is between 1730.00 support and 1775.00 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
The USDCAD declines again – Analysis - 21-05-2020
The USDCAD pair provided negative trading to approach from the horizontal support that appears in the image, reinforcing the expectations for the continuation of the bearish trend in the upcoming sessions, and its targets begin at 1.3813.
MoreThe USDJPY faces negative pressure – Analysis - 21-05-2020
The USDJPY pair faced a negative pressure to break 107.68 level and settles below it, but we notice the stability on the support level of an intraday bullish channel that appears in the image, accompanied with the EMA50 meets with this channel to protect the trading within it, besides the issuance of the positive overall signals by stochastic.
MoreThe GBPUSD crawls downwards – Analysis - 21-05-2020
The GBPUSD pair fluctuates in tight track since yesterday, and settles near the EMA50, as long as the price below 1.2304, so our bearish trend expectations will remain valid, targeting 1.2093 level mainly.
More