Gold price under the negative pressure – Analysis - 22-06-2022
Gold price trades negatively to break 1830.00 level and settles below it now, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 1810.00 followed by 1780.25 levels as main negative targets.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1838.10 followed by 1850.00 levels will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
The USDCAD consolidates above the support – Analysis - 22-06-2022
The USDCAD pair opened today’s trading with strong positivity to breach 1.2930 and settles above it, paving the way to return to rise, to head towards achieving positive targets that start at 1.3010 followed by 1.3076.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by stochastic and the EMA50 positivity, noting that breaking 1.2930 will stop the positive scenario and press on the price to decline.
The expected trading range for today is between 1.2910 support and 1.3040 resistance.
The expected trend for today: Bullish
The USDJPY surpasses the resistance – Analysis - 22-06-2022
The USDJPY pair rallied upwards to breach 135.60 level and settles above it, to head towards resuming the main bullish trend, opening the way to achieve new gains that start at 137.70 and extend to 139.10.
Therefore, we are waiting for more expected rise in the upcoming sessions supported by the EMA50, noting that breaking 135.60 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 135.60 support and 136.80 resistance
The expected trend for today: Bullish
The GBPUSD gathers the positive momentum - Analysis - 22-06-2022
The GBPUSD pair shows bearish bias to approach retesting 1.2205 level again, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the bullish trend that its next main target located at 1.2490.
On the other hand, we should note that continuing the decline and breaking 1.2205 will stop the expected rise and put the price under negative pressure that its targets begin by visiting 1.2077 areas.
The expected trading range for today is between 1.2160 support and 1.2330 resistance.
The expected trend for today: Bullish