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Midday update for Gold 20-05-2020
Gold price crawls upwards calmly to move at 1750.00, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that keeps carrying the price from below, waiting to visit 1805.00 as a next main station.
We remind you that the continuation of the suggested bullish wave conditions the price stability above 1726.00.
The expected trading range for today is between 1720.00 support and 1775.00 resistance.
The expected trend for today: Bullish
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Midday update for the GBPUSD 20-05-2020
The GBPUSD pair shows negative trades to move away from 1.2304, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by stochastic negativity, reminding you that our first target is located at 1.2093, while holding below 1.2304 represents key condition to continue the suggested decline.
MoreMidday update for the EURUSD 20-05-2020
The EURUSD pair fluctuates near 1.0966 level and still below it until now, which keeps the bearish trend scenario active for today, which targets testing 1.0840 level mainly, reminding you that breaching 1.0966 and holding above it will push the price to resume the bullish track that its next target located at 1.1067.
MoreThe AUDCAD prepares to the bullish attack – Analysis – 20-5-2020
The AUDCAD pair confirmed its affection by the bullish bias domination by providing frequent positive closings above the key support 0.8960, affected by the positivity of the major indicators, as the moving average 55 moves near the key support, while stochastic rallies above 50 level recently.
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