Midday update for Gold 24-06-2021
Gold price shows some slight bullish bias, affected by stochastic positivity, and as long as the price is below 1800.00, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by surpassing 1770.00 to opne the way to visit 1734.10 as a next target.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 24-06-2021
The GBPUSD pair trades positively after consolidating above the support base formed above 1.3960, reinforcing the expectations of continuing the bullish trend, waiting to test 1.4027, reminding you that surpassing this level will push the price to 1.4110, while holding above 1.3960 represents the first condition to continue the suggested rise.
The expected trading range for today is between 1.3890 support and 1.4050 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 24-06-2021
The EURUSD pair resumes its positive trading after leaning on the intraday bullish channel’s support line, and stochastic prepares to provide positive overlapping signal that we are waiting to motivate the price to provide more bullish bias in the upcoming sessions.
These factors support the continuation of our bullish overview, which its targets begin at 1.1975 and extend to 1.2064 after surpassing the previous level, reminding you that it is important to hold above 1.1888 to achieve these targets.
The expected trading range for today is between 1.1860 support and 1.2010 resistance.
The expected trend for today: Bullish
The AUDCHF holds above the support – Analysis – 4-1-2021
The AUDCHF pair ended its correctional bearish rebound by providing positive close above the key support at 0.8994, to notice the beginning of forming strong bullish rally by recording 0.6965 to confirm the continuation of the suggested positivity.
Also, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to provide the chances to gather the required positive momentum and record the targets at 0.7055 followed by reaching 0.7244.
The expected trading range for today is between 0.6890 and 0.7055
The expected trend for today: Bullish