|
Midday update for Gold 19-10-2017
Gold price shows sideways trading to move above 1281.17 level now, which hints the attempt to regain the main bullish track, but will keep the morning suggested negative scenario unless we witnessed daily close above 1281.17.
The EMA50 forms negative pressure now to support the suggested decline, which targets testing 1263.15 level before turning back to rise again.
Expected trading range for today is between 1263.00 support and 1285.00 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
Midday update for GBPUSD 19-10-2017
The GBPUSD pair returns to push negatively on the bullish channel's support, which urges caution from the upcoming trading, as continuing the negative pressure and attacking 1.3096 level will force the price to turn its short term track to decline.
MoreMidday update for EURUSD 19-10-2017
The EURUSD pair approached from testing the key resistance 1.1840 this morning and rebounds bearishly from there, supported by stochastic entering the overbought areas, to motivate the price to resume the expected bearish bias for today, which targets testing 1.1679 level mainly.
MoreCHFJPY builds new support base – Analysis – 19-10-2017
The CADCHF CHFJPY pair confirmed keeping the bullish bias domination by forming new support base around 114.50 level, to start building new positive trading as appears on chart, also, we notice the price lean on the moving average 55 to confirm the continuation of the positivity until achieving the main targets that begin at 116.25 followed by reaching 117.45 in the upcoming period.
More