Midday update for Gold 03-06-2020
Gold price shows new negative trades to press on 1719.00 level and moves below it, which urges caution from the upcoming trading, as consolidating below this level will force the price to achieve more decline and visit 1691.10 level as a next negative station.
Until now, we will keep our bullish overview conditioned by the price stability above 1719.00, supported by stochastic that enters the oversold areas now, reminding you that our first target is located at 1764.00.
The expected trading range for today is between 1715.00 support and 1760.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 03-06-2020
The GBPUSD pair keeps its stability above 1.2515, to keep the positive scenario valid and active for the upcoming sessions, supported by the EMA50 that assists to push the price to achieve more expected gains, reminding you that our next target reaches 1.2777, while achieving it requires holding above 1.2515.
The expected trading range for today is between 1.2500 support and 1.2670 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 03-06-2020
The EURUSD pair resumes its positive trading to move away from 1.1170 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 1.1295 level that represents our next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 1.1170 and holding below it.
The expected trading range for today is between 1.1100 support and 1.1290 resistance.
The expected trend for today: Bullish
The AUDJPY tends to resume the bullish attack – Analysis – 3-6-2020
The AUDJPY pair breached the bearish channel’s resistance at 74.50 to hint the preparation to build strong bullish bias and notice moving towards the moving average 55 at 75.75.
Confirming the continuation of the positivity requires assuring the stability of 74.50 level, to form major support against the positive attempts, waiting to surpass the moving average 55 and manage to reach 76.80 followed by 78.00 levels.
The expected trading range for today is between 74.60 and 76.80
The expected trend for today: Bullish