Midday update for Gold 21-11-2023
Gold price settles around 1990.00 level since morning, waiting to gather new positive momentum that supports the chances of continuing the expected bullish trend for today, which targets 2000.00 followed by 2009.30 as next main stations.
The bullish channel organizes the suggested bullish wave, which will remain valid conditioned by the price stability above 1971.00 and the most important above 1962.35.
The expected trading range for today is between 1980.00 support and 2005.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 21-11-2023
The GBPUSD pair crawls upwards and attempts to approach our waited target at 1.2590, reminding you that the positive pattern supports the chances of surpassing this level to pave the way to achieve additional gains that reach 1.2720.
In general, the bullish trend scenario will remain valid for the upcoming period unless breaking 1.2460 and 1.2430 levels and holding below them.
The expected trading range for today is between 1.2480 support and 1.2620 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 21-11-2023
The EURUSD pair hovers around 1.0960 level since morning, waiting to breach it and confirm the continuation of the bullish wave in the upcoming sessions, which its next target reaches 1.1080.
We remind you that the consolidation of 1.0960 level against the positive attempts will stop the bullish trend scenario and force the price to decline towards 1.0860 mainly.
The expected trading range for today is between 1.0900 support and 1.1050 resistance.
The expected trend for today: Bullish
The AUDCAD is under the positive effect – Analysis – 21-11-2023
The AUDCAD pair formed strong bullish rally recently due to its consolidation within the bullish channel, to surpass 0.8975 obstacle and notice achieving new gains by reaching 0.9028.
We notice stochastic continuous fluctuation within the overbought areas, to increase the chances of gathering the required additional positive momentum to achieve new gains that might extend towards 0.9045 soon, followed by reaching the bullish channel’s resistance at 0.9065.
The expected trading range for today is between 0.8990 and 0.9045
The expected trend for today: Bullish