Midday update for Gold 13-09-2023
Gold price keeps its stability below 1913.15, waiting to get negative motive that assist to push the price to resume the expected bearish trend for today, affected by the previously completed head and shoulders’ pattern, reminding you that our targets begin at 1890.00 and extend to 1873.50.
The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1913.15 followed by 1916.80 levels and holding above them.
The expected trading range for today is between 1875.00 support and 1920.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 13-09-2023
The GBPUSD pair provided clear negative trades to support the continuation of the expected bearish trend scenario for the upcoming period, waiting for more decline to head towards 1.2400 followed by 1.2310 levels as next main targets.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2505.
The expected trading range for today is between 1.2390 support and 1.2540 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 13-09-2023
The EURUSD pair attempts to provide more negative trades, noticing that stochastic overlaps negatively now, to support the chances of continuing the expected bearish trend for today, which targets 1.0635 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming sessions conditioned by the price stability below 1.0785.
The expected trading range for today is between 1.0660 support and 1.0810 resistance.
The expected trend for today: Bearish
The EURCAD provides negative signal – Analysis – 13-9-2023
The EURCAD pair confirmed its surrender to the domination of the bearish bias by crawling below 1.4600 recently, hinting its preparation to resume the previously suggested negative attack, achieving 1.4510 level, also, stochastic crawl below 50 level will increase the chances of gathering the negative momentum, to continue suggesting the negative attempts that might target 1.4460 level soon, followed by repeating the pressure on the MA55 at 1.4370.
The expected trading range for today is between 1.4600 and 1.4460
The expected trend for today: Bearish