Midday update for Gold 21-12-2021
Gold price trades with clear positivity to attack 1797.00 level and attempts to activate the positive scenario again, supported by stochastic and the EMA50 positivity, making the bearish bias suggested in the upcoming sessions conditioned by the price stability above 1785.00, noting that our main expected target is located at 1825.15.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for the GBPUSD 21-12-2021
The GBPUSD pair breached the bearish channel’s resistance clearly and tests the key resistance 1.3250 level now, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will lead the price to continue the rise and visit 1.3315 before any new attempt to decline, while breaking 1.3210 represents the key to resume the bearish track that its next main target located at 1.3000.
The expected trading range for today is between 1.3120 support and 1.3290 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 21-12-2021
The EURUSD pair shows new positive trades to attack 1.1290 level, which urges caution from the upcoming trading, as confirming the breach will stop the negative scenario and push the price to continue the rise to visit 1.1375 level mainly, while the price needs to trade below 1.1275 again to resume the bearish trend that its next target located at 1.1150.
The expected trading range for today is between 1.1190 support and 1.1340 resistance.
The expected trend for today: Bearish
The CADJPY fluctuates below the resistance – Analysis – 21-12-2121
The CADJPY pair continued to fluctuate below the broken bullish channel’s support line that forms key resistance now at 88.30, to confirm the continuation of the negativity for the upcoming period.
Note that stochastic attempt to crawl towards the oversold areas will allow the price to gather the required additional negative momentum to resume recording the negative targets by moving towards 86.95 and 85.83 in the medium term period.
The expected trading range for today is between 88.30 and 86.95
The expected trend for today: Bearish