Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Midday update for Gold 29-12-2020

Economies.com
2020-12-29 10:02AM UTC

Gold price shows some bullish bias in attempt to move away from the bullish channel’s support line, which supports the continuation of the expected bullish trend scenario for today, motivated by stochastic positivity, waiting to visit 1905.00 as a next main station, reminding you that the continuation of the bullish wave depends on the price stability above 1870.00.

 

The expected trading range for today is between 1865.00 support and 1905.00 resistance.

 

The expected trend for today: Bullish

Midday update for the GBPUSD 29-12-2020

Economies.com
2020-12-29 10:02AM UTC

The GBPUSD pair trades with clear positivity to start attempts to surpass 1.3510, which supports the continuation of our bullish overview in the upcoming sessions, motivated by stochastic positivity, which targets 1.3624 followed by 1.3760 levels as next main stations, noting that the continuation of the bullish wave requires holding above 1.3440.

 

The expected trading range for today is between 1.3440 support and 1.3580 resistance.

 

The expected trend for today: Bullish

Midday update for the EURUSD 29-12-2020

Economies.com
2020-12-29 10:01AM UTC

The EURUSD pair shows more bullish bias to approach our first waited target at 1.2300, reinforcing the expectations of continuing the main bullish trend, reminding you that surpassing the mentioned level will push the price to 1.2375 as a next station, reminding you that it is important to hold above 1.2155 to continue the expected rise.

 

The expected trading range for today is between 1.2155 support and 1.2340 resistance.

 

The expected trend for today: Bullish

The EURNZD settles within bearish channel – Analysis – 29-12-2020

Economies.com
2020-12-29 06:12AM UTC

The EURNZD pair ended its recent fluctuation by providing new negative close below the bearish channel’s resistance at 1.9324, to confirm surrendering to the bearish bias domination in the near term and medium term trades.

 

The above chart shows the moving average 55 consolidation near the main resistance, to confirm blocking trades within the bearish track and allows us to suggest more negative attempts until reaching 1.8760 level, followed by renewing the pressure on 1.8520 support.

 

The expected trading range for today is between 1.9080 and 1.8760

 

The expected trend for today: Bearish