Gold price touches the first target – Analysis - 14-06-2019
Gold price succeeded to touch 1346.70 level and attempts to breach it now, which supports the expectations of extending the bullish wave on the short term basis, reminding you that our next target reaches 1365.25.
Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50, noting that the continuation of the expected rise conditions holding above 1320.30.
The expected trading range for today is between 1335.00 support and 1365.00 resistance.
The expected trend for today: Bullish
The USDCAD tests the moving average – Analysis - 14-06-2019
The USDCAD pair hovers around the EMA50 since yesterday, and stochastic continues to move at the overbought areas, waiting to resume the recently suggested bearish wave, which depends on the price stability below 1.3382, reminding you that our main targets begin by breaking 1.3250 to confirm heading towards 1.3128 as a next main station.
The expected trading range for today is between 1.3250 support and 1.3400 resistance.
The expected trend for today: Bearish
The USDJPY awaits the break – Analysis - 14-06-2019
The USDJPY pair continues to fluctuate at the intraday bullish channel’s support line, and the price needs to confirm breaking 108.30 to get good negative motive that reinforces the chances of resuming the main bearish trend, reminding you that the main targets begin by breaking 108.00 to confirm extending the bearish wave towards 106.75.
Therefore, the bearish trend will remain dominant on the intraday and short term basis unless breaching 108.80 and holding above it.
The expected trading range for today is between 107.50 support and 108.80 resistance
The expected trend for today: Bearish
The GBPUSD within tight track – Analysis - 14-06-2019
The GBPUSD pair fluctuates within tight track since yesterday and settles below the EMA50, but as long as the price is above 1.2636, our bullish overview will remain active, and the price needs to breach 1.2700 level to ease the mission of heading towards 1.2795 that represents our first main target.
We should note that breaking 1.2636 will put the price under negative pressure that its targets begin at 1.2560.
The expected trading range for today is between 1.2600 support and 1.2770 resistance.
The expected trend for today: Bullish