Midday update for Gold 12-08-2022
Gold price didn’t show any strong move since morning, and as long as the price is above 1779.25, our bullish overview will remain active for today, supported by the EMA50, reminding you that our waited targets begin at 1802.80 and extend to 1831.95 after breaching the previous level.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 12-08-2022
The GBPUSD pair presses on 1.2175 level now, which represents the neckline of the double top pattern that appears on the chart, reminding you that breaking this level will press on the price to achieve additional decline that targets 1.2100 before resuming the main bullish wave.
Until now, we will continue to suggest the bullish trend that targets 1.2245 mainly conditioned by the price stability above 1.2100 – 1.2077 levels.
The expected trading range for today is between 1.2100 support and 1.2280 resistance.
The expected trend for today: Overall bullish
Midday update for the EURUSD 12-08-2022
The EURUSD pair trades negatively now to start pressing on 1.0278 level, which breaking it represents the key to rally towards our negative targets that start at 1.0200 followed by 1.0100, to keep our bearish overview for today unless the price rallied to breach 1.0355 and hold above it.
The expected trading range for today is between 1.0220 support and 1.0360 resistance.
The expected trend for today: Bearish
The AUDCAD holds above the support – Analysis – 12-8-2022
The AUDCAD pair kept its positive stability above 0.9000 level that forms the extension of the major support, to increase the chances of renewing the bullish attempts in the near term and medium term period, to notice reaching 0.9095 recently.
The consolidation of the moving average 55 above the mentioned support and stochastic attempt to crawl towards the overbought areas support our bullish overview, to expect gathering the additional positive momentum to reach the positive stations at 0.9135 and 0.9215.
The expected trading range for today is between 0.9040 and 0.9135
The expected trend for today: Bullish