Midday update for Gold 22-04-2022
Gold price resumes its negative trading to approach our waited target at 1925.35, and we suggest the continuation of the negative pressure and break this level to open the way to achieve additional negative targets that reach 1890.00.
Therefore, the bearish bias will remain suggested in the upcoming sessions conditioned by the price stability below 1960.00, supported by stochastic and the EMA50 negativity.
The expected trading range for today is between 1920.00 support and 1970.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 22-04-2022
The GBPUSD pair broke 1.3000 strongly and rallied bearishly to resume the main bearish track, as it presses on 1.2900 barrier now, and we suggest the continuation of the negative pressure and achieve negative targets that reach 1.2800.
Therefore, the bearish bias will be suggested for the upcoming sessions unless breaching 1.3000 and holding above it.
The expected trading range for today is between 1.2830 support and 1.2970 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 22-04-2022
The EURUSD pair shows new negative trades to approach 1.0775 level, and the price still stuck between the trend keys represented by this support and 1.0860 resistance, to continue with our neutrality until the price confirms breaching one of these levels followed by determining the next destination clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1.0750 support and 1.0920 resistance.
The expected trend for today: Neutral
The CHFJPY begins to decline– Analysis – 22-4-2022
The CADCHF price began to form bearish correctional trading after it failed to breach the bullish channel’s resistance at 136.00, to get advantage from the current negativity of stochastic to hit 134.15 level.
We will depend of forming an extra barrier by 134.80 level, gathering extra negative momentum makes us expect targeting new negative stations that begin at 133.55 and 132.90.
The expected trading range for today is between 134.80 and 132.90
The expected trend for today: Bearish