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Gold price keeps its positive stability – Analysis - 22-02-2023
Gold price approached 1828.70 level and bounced bullishly in attempt to resume the expected bullish trend on the intraday basis, supported by stochastic positivity that appears clearly on the four hours’ time frame, waiting for more rise to head towards 1878.80 as a next main target.
Therefore, the bullish trend will remain suggested for the upcoming period, and breaching 1847.00 will ease the mission of achieving the expected rise, noting that breaking 1828.70 will stop the positive scenario and press on the price to continue the bearish correction and achieve new negative targets that reach 1788.20.
The expected trading range for today is between 1825.00 support and 1855.00 resistance.
The expected trend for today: Bullish
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The USDCAD surpasses the resistance – Analysis - 22-02-2023
The USDCAD pair managed to breach 1.3500 level to confirm the continuation of the bullish wave on the intraday basis, opening the way to achieve more gains in the upcoming sessions, waiting to visit 1.3590 followed by 1.3680 levels as next main stations.
MoreThe USDJPY keeps rising – Analysis - 22-02-2023
The USDJPY pair shows calm positive trades and attempted to surpass 135.00 barrier, as it gets continuous positive support by the EMA50, while we notice that the price lost its positive momentum to show negative signal that might press on the price to provide some temporary bearish bias before resuming the bullish track again.
MoreThe GBPUSD is recovering - Analysis - 22-02-2023
The GBPUSD pair rallied upwards to breach 1.2065 level and achieve additional gains, approaching the correctional bearish channel’s resistance that appears on the chart, accompanied by stochastic enter to the overbought areas again, to form negative motive that we expect to assist to push the price to decline again.
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