Midday update for Gold 03-08-2022
Gold price didn’t show any strong move since morning, and as long as the price is above 1755.70, our bullish overview will remain valid, supported by stochastic and the EMA50 positivity, reminding you that our targets begin at 1779.25 and extend to 1802.80 after surpassing the previous level.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 03-08-2022
The GBPUSD pair fluctuates positively to move at 1.2200 level, noticing that stochastic overlaps positively to support the chances of continuing the expected bullish trend for today, which depends on the price stability above 1.2115 and 1.2077 levels, while its first main target located at 1.2340.
The expected trading range for today is between 1.2100 support and 1.2265 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 03-08-2022
The EURUSD pair shows positive trades to test 1.0200 level, waiting to breach this level to confirm rallying towards our expected positive targets that start at 1.0278 followed by 1.0355, noting that stochastic supports the expected rise, while the positive scenario will remain valid unless breaking 1.0100 and holding below it.
The expected trading range for today is between 1.0120 support and 1.0270 resistance.
The expected trend for today: Bullish
The AUDCAD keeps the negativity – Analysis – 3-8-2022
The AUDCAD pair ended its correctional bullish rebound recently by facing strong resistance at 0.9035, to force it to form new negative waves and record 0.8875 level, noting that the stability of the moving average 55 near the major resistance and stochastic negative momentum signals allow us to suggest more negative trades that might target 0.8820 followed by reaching the obstacle at 0.8735.
The expected trading range for today is between 0.8945 and 0.8820
The expected trend for today: Bearish