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Midday update for Gold 17-11-2017
Gold price settles around 1281.17 level, waiting to get positive motive that supports the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our main targets begin at 1299.20 and extend to 1321.50.
The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 1271.30.
Expected trading range for today is between 1270.00 support and 1295.00 resistance.
Expected trend for today: Bullish
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Midday update for GBPUSD 17-11-2017
The GBPUSD pair settles above 1.3196 barrier, and the chances still valid to test 1.3295 level, while the sideways trades still suggested on the intraday basis until the price confirms exiting the sideways range that its lines represented by 1.3096 support and 1.3295 resistance, noting that the expected targets after breaching these levels are explained in our morning report.
MoreMidday update for EURUSD 17-11-2017
The EURUSD pair returns to provide some slight negative trades after testing 1.1800 barrier this morning, while the overall bullish trend still valid as long as the price remains stable above 1.1679, supported by the EMA50.
MoreEURAUD approaches the first main target – Analysis – 17-11-2017
The EURAUD pair succeeded to renew the bullish attempts, affected by its consolidation within the bullish channel and approaches from the first main target at 1.5650, noting that stochastic reach to the overbought areas will provide the price with new positive momentum and expect to surpass it to target new positive levels, starting at 1.5800 followed by 1.5965 in the upcoming period.
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