Midday update for Gold 27-09-2021
Gold price resumes the bearish bias after the rise that it witnessed in the previous sessions, supported by stochastic and the EMA50 negativity, waiting for more decline for the rest of the day to visit 1735.00 initially, noting that breaking this level will extend the bearish wave to reach 1692.00, while holding below 1770.00 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 27-09-2021
The GBPUSD pair trades positively now to move away from 1.3655 level, to support the expectations of continuing the expected bullish trend on the intraday basis, which its next main target located at 1.3845, while achieving it requires holding above 1.3655 and 1.3625.
Note that breaching 1.3750 will ease the mission of achieving more gains in the upcoming sessions.
The expected trading range for today is between 1.3600 support and 1.3770 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 27-09-2021
The EURUSD pair resumes its negative trading to start pressing on 1.1690 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, waiting to visit 1.1605 that represents our next main target, reminding you that it is important to hold below 1.1780 to continue the expected decline.
The expected trading range for today is between 1.1630 support and 1.1780 resistance.
The expected trend for today: Bearish
The AUDCHF confirms the negativity – Analysis – 27-9-2021
The AUDCHF pair confirmed its surrender to the domination of the bearish bias by moving away from the main resistance at 0.6890, in addition to the moving average 55 forming additional barrier at 0.6805.
These factors confirm facing strong negative pressures to push the price to form new negative attack, to expect targeting more negative stations represented by 0.6625 followed by reaching 23.6% Fibonacci correction level at 0.6518.
The expected trading range for today is between 0.6800 and 0.6625
The expected trend for today: Bearish