|
Midday update for Gold 08-06-2023
Gold prices provides positive trades to move above 1945.20, affected by stochastic positivity, which urges caution from the upcoming trading, as holding above this level will stop the correctional bearish scenario and push the price to test 1966.45 followed by 1977.25 initially.
The EMA50 forms negative pressure to keep the chances valid to continue the expected bearish trend for today, reminding you that our next target reaches 1913.15.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for the GBPUSD 08-06-2023
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the expected negative scenario for today and lead the price to regain the main bullish trend again.
MoreMidday update for the EURUSD 08-06-2023
The EURUSD pair shows new positive trades to fluctuate at 1.0730 again, and as we mentioned in our recent reports, the price needs to hold below this level to keep the bearish trend active, which targets 1.0650 mainly.
MoreThe CADJPY records some gains – Analysis – 8-6-2023
The CADJPY pair resumed forming bullish trades to achieve additional gains by reaching 104.88, reminding you that the bullish scenario will remain valid as long as the price is above the key support 102.40, in addition to 103.70 level attempt to form the additional support against the bullish attempts.
More