Midday update for Gold 21-01-2022
Gold price faces negative pressure to test the key horizontal support that appears on the chart at 1830.00, accompanied by stochastic approach to the oversold areas, waiting to rebound bullishly and head towards our next positive target at 1860.00, to keep our bullish overivew that moves inside the bullish channel that appears on the chart unless breaking 1825.15 and holding below it.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 21-01-2022
The GBPUSD pair shows additional negative trades to complete forming double top pattern that its signs appear on the chart, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to achieve our first waited target at 1.3530, noting that breaking it will push the price to 1.3460 as a next correctional station, while holding below 1.3610 represents major condition to achieve these targets.
The expected trading range for today is between 1.3500 support and 1.3660 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 21-01-2022
The EURUSD pair provided positive trades this morning and attempts to decline now, to keep the bearish trend scenario valid and active for today as long as 1.1375 level remains intact, reminding you that our targets begin by breaking 1.1305 to confirm rallying towards 1.1150 as a next negative station.
The expected trading range for today is between 1.1240 support and 1.1380 resistance.
The expected trend for today: Bearish
The NZDCAD returns to the bearish track – Analysis – 21-1-2022
The NZDCAD pair faced strong negative pressures recently, which pushed it to form frequent negative waves and settle below the bearish channel’s resistance at 0.8480, to confirm its stability within the bearish track again.
These factors along with stochastic additional negative momentum signals allow us to expect forming new negative attack, to move towards 0.8365 followed by attempting to reach the first main target at 0.8280.
The expected trading range for today is between 0.8500 and 0.8365
The expected trend for today: Bearish