Midday update for Gold 21-09-2023
Gold price resumes its negative trading to start moving away from 1929.00 level, to support the continuation of the expected bearish trend for today, and the way is open to achieve our main waited target at 1913.15.
Surpassing the EMA50 will ease the mission of achieving the expected decline, waiting for more bearish bias in the upcoming sessions conditioned by the price stability below 1929.00.
The expected trading range for today is between 1910.00 support and 1940.00 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 21-09-2023
The EURUSD pair shows positive trades after attempting to break 1.0635 level this morning, and it might head to test the bearish channel’s resistance that appears on the chart before turning back to decline again.
Until now, the bearish trend scenario still valid for today as long as 1.0685 level remains intact, reminding you that our main waited target reaches 1.0515.
The expected trading range for today is between 1.0530 support and 1.0685 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 21-09-2023
The GBPUSD pair provides additional negative trades to break 1.2310 level and attempts to hold below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the EMA50 that presses negatively on the price, reminding you that we are waiting to visit 1.2255 followed by 1.2200 levels as next main stations.
On the other hand, we should note that failing to consolidate below 1.2310 will push the price to achieve intraday gains that start at 1.2435.
The expected trading range for today is between 1.2210 support and 1.2370 resistance.
The expected trend for today: Bearish
The GBPAUD faces negative pressures – Analysis – 21-9-2023
The GBPAUD pair faced strong negative pressures recently, caused by stochastic decline towards 20 level, to force it to fluctuate below 1.9650 resistance and notice suffering clear losses by reaching 1.9060.
Now, 1.9340 forms additional barrier to allow us to expect renewing the negative attempts, waiting to touch 1.8965 level first, while breaking this obstacle might extend losses towards 1.8740, to form the next main target for the negative trades.
The expected trading range for today is between 1.9300 and 1.9120
The expected trend for today: Bearish