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Midday update for Gold 01-08-2016
Gold price shows weak trading since morning to hover around 1250.00 level, as the price is affected by stochastic negativity, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1312.00 and 1297.75 levels, reminding you that our main targets begin by breaching 1375.00 level to open the way to extend the bullish wave towards 1400.00 followed by 1440.00.
Expected trading range for today is between 1332.00 support and 1380.00 resistance.
Expected trend for today: Bullish
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Midday update for GBPUSD 01-08-2016
The GBPUSD pair traded with clear negativity this morning moving away from the sideways range resistance that dominates the recent trades, which supports the continuation of our bearish trend expectations for the upcoming period, reinforced by stochastic negativity, waiting to break 1.3060 level to open the way to head towards 1.2860 followed by 1.2825 levels mainly.
MoreMidday update for EURUSD 01-08-2016
The EURUSD pair shows sideways and tight trading since morning settling near 1.1196 level, noticing that stochastic begins the attempts to get rid of the negative momentum to gain the positive momentum on the four hours' time frame, which supports the chances of resuming the main bullish trend, which gets continuous support by the EMA50.
MoreGBPJPY lacks the bullish momentum – Analysis – 1-8-2016
Despite the stability of the GBPJPY pair above the main support, but we notice the frequent fluctuation within sideways range due to the lack of the positive momentum until this moment, while the stability of 134.75 support will keep the bullish overview valid, to attempt to surpass 137.00 level and target the first positive stations at 140.00.
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