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Gold price keeps its positive stability – Analysis - 12-05-2021
Gold price faced temporary negative pressure yesterday to attack 1825.00 level, but it bounced bullishly to settle around 1838.00 level again, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1855.00 followed by 1865.00 levels as next stations.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.00.
The expected trading range for today is between 1820.00 support and 1855.00 resistance.
The expected trend for today: Bullish
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The USDCAD within sideways track – Analysis - 12-05-2021
The USDCAD pair fluctuates within sideways track since yesterday, settling around 1.2100 barrier, and it keeps moving inside the bearish channel that appears on the chart, while the EMA50 provides continuous negative support.
MoreThe USDJPY resumes the negative trades – Analysis - 12-05-2021
The USDJPY pair traded negatively yesterday to touch 108.35 level, showing some slight bullish bias now, noticing that the EMA50 continues to press negatively on the price, to remain stable inside the bearish channel that appears on the chart.
MoreThe GBPUSD is stable - Analysis - 12-05-2021
The GBPUSD pair did not show any strong move yesterday, to remain stable above the main bullish channel’s support line, supported by the EMA50, waiting to head towards 1.4238 that represents our next main target.
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