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Midday update for Gold 23-02-2023
Gold price continues to fluctuate around 1828.70 level and presses negatively on it, and our neutrality still valid until the price manages to break the mentioned support or breach 1844.30 resistance to detect the next destination clearly, and contradiction between the technical indicators provides another reason for neutrality.
To review the expected targets after breaching the mentioned levels, please check our morning report.
The expected trading range for today is between 1810.00 support and 1845.00 resistance.
The expected trend for today: Neutral
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Midday update for the GBPUSD 23-02-2023
The tight range dominates the GBPUSD pair’s trades since morning, settling below the EMA50 that forms intraday resistance against the price, waiting to get negative motive that assists to push the price to achieve our first waited target at 1.1940.
MoreMidday update for the EURUSD 23-02-2023
The EURUSD pair fluctuates within tight track since morning, keeping its stability below 1.0650 level, to keep the negative scenario active for today, supported by the EMA50, waiting to resume the bearish bias to visit 1.0515 level that represents our main target, reminding you that the continuation of the bearish bias depends on the price stability below 1.0745, as breaching it will lead the price to turn to rise and start recovery attempts on the intraday basis.
MoreThe CADJPY ends the positive rebound – Analysis – 23-2-2023
The CADJPY pair ended the positive rebound by providing negative close below the moving average 55, which supports the stability of 100.60 barrier, also, stochastic decline below 50 level will increase the chances of gathering the negative momentum, to reinforce the chances of activating the negative attack and target 98.85 followed by reaching 50% Fibonacci correction level at 97.55.
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