|
Midday update for Gold 11-03-2020
Gold price did not show any strong move since morning, to fluctuate around 1660.00, and as long as the price is above 1633.60, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 1689.33 and extend to 1735.50.
The expected trading range for today is between 1650.00 support and 1690.00 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Midday update for the GBPUSD 11-03-2020
The GBPUSD pair trades with clear positivity to test the key resistance 1.2965, as the price affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this resistance to keep the bearish trend scenario dominant in the upcoming sessions, which its next main target located at 1.2736.
MoreMidday update for the EURUSD 11-03-2020
The EURUSD pair shows calm negative trades in attempt to move away from 1.1325, to keep the bearish trend scenario valid for today, supported by the negative signal provided by stochastic, waiting to test 1.1221 as a next main target, noting that breaking this level will extend the correctional bearish wave to reach 1.1136.
MoreThe EURGBP reinforces the bullish track – Analysis – 11-3-2020
The EURGBP pair formed new bullish trades recently, to move away from the bullish track support line at 0.8610 to start recording some positive targets by moving towards 0.8775.
More