Midday update for Gold 27-07-2022
Gold price traded positively to approach the key resistance 1726.60, which represents one of the next trend keys besides 1712.00 support, and as we mentioned this morning, the price needs to surpass one of these levels to detect its next destination cleary.
Therefore, we will continue with our neutrality until now, noting that the details of the expected targets afer the breach are explained in our morning report.
The expected trading range for today is between 1695.00 support and 1735.00 resistance.
The expected trend for today: Neutral
Midday update for the GBPUSD 27-07-2022
The GBPUSD pair tests 1.2077 level now, waiting to breach this level to confirm opening the way to head towards 1.2160 as a next positive station, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability above 1.1980 level.
The expected trading range for today is between 1.1980 support and 1.2150 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 27-07-2022
The EURUSD pair still stuck between the trend confirmation levels represented by 1.0100 support and 1.0200 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly, noting that the expected targets after the breach area explained in our morning report.
The expected trading range for today is between 1.0060 support and 1.0230 resistance.
The expected trend for today: Neutral
The GBPCHF repeats the negative closings – Analysis – 27-7-2022
No change to the GBPCHF pair’s bearish track by providing frequent negative closings below 1.1775 resistance, to notice its fluctuation near 1.1600, also, 1.1670 level continues to form additional barrier to confirm blocking trades within the bearish track, to keep waiting to target the negative stations at 1.1530 and 1.1465.
The expected trading range for today is between 1.1640 and 1.1530
The expected trend for today: Bearish