Midday update for Gold 16-09-2020
Gold price trades with clear positivity to start attempts to breach 1967.90 level, which supports the continuation of the expected bullish trend scenario for today, motivated by stochastic that supports the chances of achieving the required breach to open the way to visit 2008.80 level as a next main target, reminding you that holding above 1952.30 is important to continue the expected rise.
The expected trading range for today is between 1945.00 support and 1985.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 16-09-2020
The GBPUSD pair crawls upwards and settles above 1.2900 barrier, and continues to move inside the intraday bullish channel that appears on the chart, to keep the bullish trend scenario valid for today depending on the price stability above 1.2855, reminding you that our main waited target is located at 1.3000.
The expected trading range for today is between 1.2820 support and 1.3000 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 16-09-2020
The EURUSD pair trades positively now to approach the key resistance 1.1885, which represents one of the next trend keys besides 1.1840 support, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1.1760 support and 1.1940 resistance.
The expected trend for today: Depends on the above mentioned levels
The GBPNZD hits key support – Analysis – 16-9-2020
The GBPNZD pair ended the negative attack after facing key support at 1.9090, to contradict the negative track and force the price to form sideways trades as appears on the chart.
The upcoming scenario depends on the strength of the current support, as continuing to fluctuate above it will increase the chances of forming correctional bullish rebound to target 1.9320 initially, while crawling below the support will open the way to resume the negative attack, to expect moving towards 1.8920 and 1.5880 levels.
The expected trading range for today is between 1.9090 and 1.9200
The expected trend for today: Bullish