Gold price resumes the rise – Analysis - 25-05-2022
Gold price rises calmly, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below, waiting to test 1890.00 that represents our next main target.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1845.00 support and 1885.00 resistance.
The expected trend for today: Bullish
The USDCAD keeps its negative stability – Analysis - 25-05-2022
The USDCAD pair tested 1.2840 level yesterday and attempted to breach it, but it keeps its stability below it until now, as the EMA50 meets this resistance to protect the recently suggested negative scenario, waiting to resume the bearish bias to visit 1.2770 initially.
Therefore, our bearish overview will remain valid conditioned by the price stability below 1.2840, reminding you that surpassing the mentioned target will push the price to 1.2695 as a next correctional station.
The expected trading range for today is between 1.2750 support and 1.2870 resistance.
The expected trend for today: Bearish
The USDJPY breaks the support – Analysis - 25-05-2022
The USDJPY pair managed to break 127.40 followed by 126.95 support lines, and closed the daily candlestick below the last level, which supports the continuation of the correctional bearish trend efficiently in the upcoming period, paving the way to head towards our next negative target that reaches 125.00.
The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 127.40 followed by 128.40 levels and hold above them.
The expected trading range for today is between 126.40 support and 127.70 resistance
The expected trend for today: Bearish
The GBPUSD leans on the channel’s support - Analysis - 25-05-2022
The GBPUSD pair’s decline stopped at the correctional bullish channel’s support line that appears on the chart, waiting to rebound bullishly to resume the bullish trend on the intraday basis, which its targets begin by breaching 1.2590 to open the way to head towards 1.2725 as a next positive station.
Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 1.2420 and holding below it.
The expected trading range for today is between 1.2440 support and 1.2620 resistance.
The expected trend for today: Bullish