Midday update for Gold 14-09-2023
Gold price resumes its negative trading to move away from 1913.15 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our first waited target at 1890.00, noting that we expect extending the bearish wave towards 1873.50 areas.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 1913.15 followed by 1917.00 levels and hold above them.
The expected trading range for today is between 1890.00 support and 1920.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 14-09-2023
The GBPUSD pair settles near 1.2505 level, keeping its stability below it, while stochastic begins to overlap negatively now, waiting to resume the expected bearish wave for today, which its next main targets located at 1.2400 followed by 1.2310, reminding you that the continuation of the bearish wave depends on the price stability below 1.2505.
The expected trading range for today is between 1.2400 support and 1.2550 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 14-09-2023
The EURUSD pair shows some bearish bias now, waiting for more decline to achieve our main expected target at 1.0635, supported by the negative pressure formed by the EMA50.
Breaking 1.0720 will reinforce the expectations of continuing the bearish trend in the upcoming sessions, while holding below 1.0785 represents major condition to achieve the suggested targets.
The expected trading range for today is between 1.0650 support and 1.0800 resistance.
The expected trend for today: Bearish
The GBPCAD exits the bullish track – Analysis – 14-9-2023
The GBPCAD pair surrendered to the negative pressures recently to notice its crawl below the minor bullish channel’s support line at 1.7040, forming some negative waves to settle near 1.6930, attacking the MA55.
We notice stochastic consolidation within the oversold areas to increase the chances of gathering the additional negative momentum, allowing us to suggest more negative attempts and expect moving towards 1.6810 as a first negative station, followed by waiting to reach the historical support at 1.6765.
The expected trading range for today is between 1.6960 and 1.6810
The expected trend for today: Bearish