Midday update for Gold 12-01-2022
Gold price settles around 1820.00 level, waiting to get enough positive momentum to push the price to resume the expected bullish trend for the upcoming period, and the price needs to surpass 1825.15 to confirm extending the bullish wave towards 1860.00, reminding you that the continuation of the bullish wave requires holding above 1797.00.
The expected trading range for today is between 1805.00 support and 1835.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 12-01-2022
The GBPUSD pair is affected by stochastic negativity, to provide slight negative trades now, which might push the price to test the bullish channel’s support line before turning back to rise again.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.3565 and holding below it, reminding you that our targets begin by surpassing 1.3660 to confirm rallying towards 1.3775.
The expected trading range for today is between 1.3565 support and 1.3740 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 12-01-2022
The EURUSD pair faces solid resistance at 1.1375 level, to show some slight bearish, and we need to monitor the upcoming trading carefully, as the consolidation of this level against the positive attempts will press on the price to rebound bearishly and head towards 1.1290 before any new positive attempt.
The expected trading range for today is between 1.1300 support and 1.1450 resistance.
The expected trend for today: Bullish
The GBPCHF approaches the resistance – Analysis – 12-1-2022
The GBPCHF pair formed strong correctional bullish rally recently, achieving many gains by reaching 1.2608, noting that the stability of 1.2645 extended resistance that forms solid obstacle against the attempt to regain the bullish bias might force the price to end the correctional attempts, to form negative waves and target 1.2525 level initially, followed by reaching the moving average 55 at 1.2455.
Also, stochastic reach to the overbought areas confirms ending the bullish attack, waiting to gather the negative momentum in order to start the expected negative attack.
The expected trading range for today is between 1.2645 and 1.2525
The expected trend for today: Bearish