The GBPUSD hits the target - Analysis - 13-07-2023
The GBPUSD pair succeeded to achieve our waited target at 1.3000, starting today with additional positivity to surpass this level and open the way to continue the rise on the short-term basis, noting that the next station is represented by testing the bullish channel’s resistance around 1.3080.
Therefore, we will continue to suggest the bullish trend for the upcoming period, and breaching the targeted level will push the price to 1.3200 as a next positive station, while holding above 1.2915 represents key condition to continue the expected rise.
The expected trading range for today is between 1.2950 support and 1.3100 resistance.
The expected trend for today: Bullish
The EURUSD achieves more gains - 13-07-2023
The EURUSD pair shows more bullish bias to gradually approach our new waited target at 1.1184, as it surpassed the bullish channel’s resistance that appears on the chart, which supports the chances of continuing the bullish trend on the short-term and medium-term basis, on its way to achieve additional gains that reach 1.1275.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that breaking 1.1075 will stop the expected rise and push the price to achieve some bearish correction before resuming the bullish wave again.
The expected trading range for today is between 1.1080 support and 1.1235 resistance.
The expected trend for today: Bullish
Evening update for Crude oil price 12-07-2023
Crude oil price managed to achieve our extended targe tat 76.10, reminding you that breaching this level will extend the bullish wave to reach 78.25 followed by 78.90 areas.
Holding above 75.30 is important to continue the expected rise, as breaking it will push the price to turn to decline and it might test 73.80 areas before any new positive attempt.
Evening update for Gold 12-07-2023
Gold prices surpassed 1945.20 level and closed the last four hours’ candlestick above it, to hint heading to achieve more rise on the intraday and short term basis, paving the way to visit 1977.25 level, and the price needs a daily close above the first level to confirm the continuation of the bullish bias.