Economies.com
2025-01-20 04:14AM UTC
Gold price faced clear negative pressure by today’s open to approach the bullish channel’s support line that appears on the chart, noticing that the EMA50 meets this support to add more strength to it and protect the continuation of the positive scenario on the intraday and short-term basis, accompanied by witnessing clear positive signal through stochastic.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that the next target is located at 2735.00$, taking into consideration that breaking 2684.50$ will put the price under negative pressure to start bearish correction on the intraday basis.
The expected trading range for today is between 2685.00$ support and 2725.00$ resistance.
Trend forecast: Bullish
The USDCAD price hits the target – Forecast today – 20-01-2025
Economies.com
2025-01-20 04:14AM UTC
The USDCAD price succeeded to achieve our first waited target at 1.4467$ and attempts to breach it, to support the chances of continuing the bullish trend within the bullish channel that appears on the chart, noting that confirming the breach will push the price towards 1.4600$ areas as a next main station.
The positive support provided by the EMA50 reinforces the expectations of continuing the bullish trend, while breaking 1.4335$ will push the price to turn to decline and test 1.4220$ areas before any new attempt to rise.
The expected trading range for today is between 1.4390$ support and 1.4525$ resistance
Trend forecast: Bullish
The USDJPY price attempts to recover – Forecast today – 20-01-2025
Economies.com
2025-01-20 04:13AM UTC
The USDJPY price traded with clear positivity in the previous sessions to test the key resistance 156.45, noticing that the price begins to decline by today’s open to head towards resuming the correctional bearish trend, waiting to test 23.60% Fibonacci level at 154.96 again, noting that breaking this level will push the price towards 153.75 as a next negative station.
Therefore, the bearish trend will remain suggested for the upcoming period, noting that breaching 156.45 will lead the price to resume the main bullish trend and achieve positive targets that start by visiting the recently recorded high at 158.87.
The expected trading range for today is between 155.00 support and 156.40 resistance
Trend forecast: Bearish
The GBPUSD price completes the negative pattern – Forecast today – 20-01-2025
Economies.com
2025-01-20 04:13AM UTC
The GBPUSD price confirmed breaking the bearish channel’s support line and settles below 1.2200$ barrier, to support the continuation of the expected bearish trend on the intraday and short-term basis, which targets 1.2100$ followed by 1.2045$ levels as next main stations.
The EMA50 forms negative pressure that supports the continuation of the expected bearish trend, reminding you that it is important to hold below 1.2300$ to achieve the suggested targets.
The expected trading range for today is between 1.2110$ support and 1.2260$ resistance
Trend forecast: Bearish