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Gold price keeps its positive stability – Analysis - 16-09-2019
Gold price made a new test to the bullish trend line and keeps its stability above this level, where it begins today’s trading with a bullish bias to move near the EMA50, keeping the bullish trend scenario valid and active in the upcoming period, waiting for breaching 1524.00 level to ease the mission of heading to 1555.00 that represents our next main target.
Stochastic supports our positive expectations, and its continuation is conditioned by holding above 1485.00 level.
The expected trading range for today is between 1495.00 support and 1525.00 resistance.
The expected trend for today: Bullish
The USDCAD hits the target – Analysis - 16-09-2019
The USDCAD pair rallied higher strongly in last Friday to succeed to achieve the waited target at 1.3285, and begins today with a bearish gap to move near the EMA50, we expect that the price will recover in the upcoming sessions to cover the mentioned gap then breach the mentioned level to rally towards achieving more of the positive targets.
MoreThe USDJPY gathers the positive momentum – Analysis - 16-09-2019
The USDJPY pair opened today’s trading with a decline to test the bullish channel’s support that appears in the image, and begins rising now, where it gets a positive support from the EMA50, while stochastic heads to the oversold levels.
MoreThe GBPUSD achieves good gains – Analysis - 16-09-2019
The GBPUSD pair confirmed breaching 1.2400 level and approached from our waited target at 1.2520, noticing that the price moves within a bullish channel that appears in the image, which supports the chances for breaching the mentioned level and extend the bullish wave towards 1.2665 as a next main station.
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