Midday update for Gold 18-01-2023
Gold price rebounds upwards clearly to start attacking 1915.00 level, to hint the attempt to regain the bullish trend again, which makes us stay aside until we get clearer signal for the next trend, through breaching the mentioned resistance or breaking 1900.00 support.
Note that breaching the resistance will push the price to achieve new gains that start by testing 1928.60 and extend to 1950.00, while breaking the support will reactivate the negative scenario that its next target located at 1885.00.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 18-01-2023
The GBPUSD pair shows additional positive trades to move away from the intraday bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by the EMA50 that carries the price from below, waiting to visit 1.2440 as a next main target, reminding you that it is important to hold above 1.2180 to continue the expected rise.
The expected trading range for today is between 1.2280 support and 1.2400 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 18-01-2023
The EURUSD pair bounced upwards strongly after leaning on the EMA50, to resume the main bullish track and head towards achieving our next main target at 1.0915, to keep the bullish trend scenario valid and active for the upcoming period unless breaking 1.0745 and holding below it.
The expected trading range for today is between 1.0800 support and 1.0900 resistance.
The expected trend for today: Bullish
The EURCHF consolidates above the support – Analysis – 18-1-2023
Despite facing negative pressures and forming negative rebound towards 0.9950, that won’t affect the EURCHF pair’s bullish track, depending on the continuous additional support formed at 0.9890 as appears on the chart.
The price might form sideways fluctuation to keep waiting to gather the positive momentum again and manage to renew the bullish attempts to reach the positive stations near 1.0030 followed by reaching 1.0140 barrier as a next main target for the bullish bias.
The expected trading range for today is between 0.9910 and 1.0030
The expected trend for today: Bullish