Midday update for Gold 15-03-2023
Gold price faced temporary strong negative pressure to settle inside the bullish pennant’s pattern again, accompanied by witnessing new positive signals by stochastic, waiting to motivate the price to resume the expected bullish trend for today, which its next target located at 1928.60.
Therefore, we will keep our bullish overview conditioned by the price stability above 1878.80, as continuing the decline and breaking this level will open the way to suffer additional losses that reach 1828.70 areas.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 15-03-2023
The GBPUSD pair faces negative pressure now to test the key support 1.2070, and as we mentioned this morning, the price needs to hold above this level to keep the expected bullish trend active for today, waiting to get positive motive that assists to push the price to head towards 1.2260 that represents our next main target.
Note that the continuation of the decline and breaking 1.2060 will push the price to suffer additional losses that reach 1.1940 before any new attempt to rise.
The expected trading range for today is between 1.2000 support and 1.2160 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 15-03-2023
The EURUSD pair trades with clear negativity now to move away from 1.0745 level, to head towards achieving more expected decline in the upcoming sessions, targeting 1.0620 followed by 1.0515 levels as next main stations.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 1.0745 and hold above it.
The expected trading range for today is between 1.0580 support and 1.0700 resistance.
The expected trend for today: Bearish
The GBPAUD settles below the resistance – Analysis – 15-3-2023
The GBPAUD pair ended its correctional bullish rebound by facing the major resistance at 1.8330, to keep its stability below it in order to reinforce the domination of the bearish bias for the upcoming period, assuring the importance of gathering the negative momentum to manage to start the negative track by declining towards 1.7945 first, and breaking this obstacle might extend trade towards 1.7650.
The expected trading range for today is between 1.8210 and 1.8000
The expected trend for today: Bearish