Midday update for Gold 08-09-2022
Gold price fluctuates around the bearish channel’s resistance, and stochastic continues to provide the negative signals on the four hours’ time frame, waiting to motivate the price to resume the expected bearish wave for today, which depends on the price stability below 1726.60, while its main targets begin at 1690.00 followed by 1680.00.
The expected trading range for today is between 1690.00 support and 1726.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 08-09-2022
The GBPUSD pair fluctuates with calm negativity now, affected by stochastic negativity, waiting to get positive momentum that assists to push the price to rise towards 1.1610 that represents our main positive target, reminding you that breaking 1.1465 will stop the expected rise and force the price to resume the main bearish wave again.
The expected trading range for today is between 1.1450 support and 1.1610 resistance.
The expected trend for today: Bullish temporarily
Midday update for the EURUSD 08-09-2022
The EURUSD pair shows sideways trades since morning, keeping its stability above 0.9960 until now, to keep the bullish trend scenario active for today, waiting to get positive momentum that assists to push the price to resume the bullish wave that its next main target located at 1.0080, reminding you that breaking 0.9960 will put the price under the negative pressure again.
The expected trading range for today is between 0.9930 support and 1.0070 resistance.
The expected trend for today: Bullish
The GBPAUD ends the negative attack – Analysis – 8-9-2022
The GBPAUD pair confirmed getting rid of the domination of the bearish bias by facing the key support 1.6850, to form strong obstacle against the negative trades and notice the beginning of forming strong positive trades to settle near 1.7100.
The continuous contradiction between the major indicators might force the price to form sideways fluctuation now, while the main stability above the mentioned support allows us to keep suggesting the bullish trend, waiting to record many positive levels that start at 1.7185 and 1.7260.
The expected trading range for today is between 1.6970 and 1.7120
The expected trend for today: Bullish