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Gold price tests the support base – Analysis - 18-04-2022

Economies.com
2022-04-18 01:35AM UTC

Gold price traded negatively in the previous sessions to test the key support 1960.00, noticing that the price rebounds bullishly from there, starting today with strong positivity, to resume the expected bullish trend on the intraday basis, supported by stochastic current positivity, and the way is open to achieve our main waited target at 2000.00.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1960.00 and holding below it.

 

The expected trading range for today is between 1960.00 support and 2000.00 resistance.

 

The expected trend for today: Bullish

The USDCAD is recovering again – Analysis - 18-04-2022

Economies.com
2022-04-18 01:35AM UTC

The USDCAD pair rallied upwards to settle above 1.2590 level again, getting positive support by the EMA50, while stochastic loses its positive momentum to form negative pressure against the price.

 

Therefore, the contradiction between the technical factors makes us prefer to stay aside until the price confirms its situation according to the mentioned level, noting that consolidating above it will lead the price to achieve additional gains that reach 1.2725, while breaking it and trading below it will press on the price to decline towards 1.2480 mainly.

 

The expected trading range for today is between 1.2540 support and 1.2670 resistance.

The expected trend for today: Neutral

The USDJPY resumes the rise – Analysis - 18-04-2022

Economies.com
2022-04-18 01:34AM UTC

The USDJPY pair leaned on the key support 125.00 and bounced bullishly from there, to resume the main bullish trend and succeeds to achieve our waited target at 126.55, which breaching it represents the key to rally to test 127.00 direct.

 

Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 125.00.

The expected trading range for today is between 126.00 support and 127.00 resistance

The expected trend for today: Bullish

The GBPUSD fails to breach - Analysis - 18-04-2022

Economies.com
2022-04-18 01:34AM UTC

The GBPUSD pair bounced downwards strongly after failing to breach 1.3145 level, to trade inside the bearish channel again, which leads the price to achieve more expected decline in the upcoming sessions, targeting testing 1.3000 again.

 

Therefore, the bearish bias will be suggested for today, and breaking the targeted level will push the price to 1.2920 as a main negative target, while breaching 1.3145 represents the key to achieve new bullish correction that its next target reaches 1.3235.

 

The expected trading range for today is between 1.2980 support and 1.3145 resistance.

 

The expected trend for today: Bearish

Frequently asked questions

What is the price of Gold today?

The price of Gold is $3337.460 (2025-07-04 23:55PM UTC)