Gold price keeps its positive stability – Analysis - 30-11-2022
Gold price fluctuates within sideways track since yesterday, keeping its stability above 1746.40 level, to keep the bullish trend scenario active, supported by the EMA50, waiting to get positive motive that assists to push the price to achieve new gains that start at 1765.00 and extend to 1786.50.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1746.40.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bullish
The USDCAD achieves strong gains – Analysis - 30-11-2022
The USDCAD pair rallied upwards strongly to breach 1.3500 level and heads towards achieving positive targets on the intraday basis, on its way to visit 1.3680 areas mainly.
Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 1.3500.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bullish
The USDJPY within negative pattern – Analysis - 30-11-2022
The USDJPY pair’s recent trade are confined within bearish pennant pattern that appears on the chart, thus, breaking 138.10 will motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin at 137.60 and extend to 136.50.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless breaching 139.45 and holding above it, noting that the EMA50 continues to support the suggested bearish wave.
The expected trading range for today is between 137.70 support and 139.40 resistance
The expected trend for today: Bearish
The GBPUSD awaits the breach - Analysis - 30-11-2022
The GBPUSD pair trades within minor bearish channel that appears on the chart, and we believe it forms bullish flag pattern, as the price needs to breach 1.1995 to activate the positive effect of this pattern followed by rallying to resume the main bullish trend, which targets 1.2080 followed by 1.2200 levels as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.1950 and holding below it.
The expected trading range for today is between 1.1920 support and 1.2090 resistance.
The expected trend for today: Bullish