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Midday update for Gold 17-08-2022
Gold price resumes its negative trading after testing the EMA50, to settle below 1779.25 level, which keeps the bearish trend scenario active for today, supported by the negative overlapping signal provide by stochastic now, waiting to head towards 1755.25 as a next main target, reminding you that it is important to hold below 1779.25 to continue the expected decline.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
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Midday update for the GBPUSD 17-08-2022
The GBPUSD pair tested the key resistance 1.2140 and bounced bearishly from there, to remain stuck between the trend keys represented by the mentioned resistance and 1.2030 support, which keeps our neutrality valid until now, until the price manages to surpass one of these levels.
MoreMidday update for the EURUSD 17-08-2022
The EURUSD pair didn’t show any strong move since morning, and as long as the price is below 1.0200, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our main targets begin at 1.0100.
MoreThe EURTRY tests the support – Analysis – 17-8-2022
The EURTRY pair ended the correctional bearish rebound by testing the bullish channel’s support line at 18.1650 followed by renewing its positive action by rallying towards 18.2840, noticing the consolidation of the moving average 55 near the major support to confirm confining trades within the bullish track and wait to record many targets by reaching 18.3820 followed by pressing on 18.5580 that forms the first main target of the bullish trades.
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