|
Gold hits the first target – Analysis - 07-03-2018
Gold price settles around 1335.40 level that represents our first suggested target in our recent reports, and the price is attempting to breach this level by today’s opening, but it faces good resistance formed by the previously broken support of the bullish channel that appears on the chart, which shows the price need for enough positive momentum to breach the mentioned resistance.
In general, we will continue to suggest more positive trading in the upcoming period supported by the EMA50, taking into consideration that breaking 1316.48 will stop the suggested rise and push the price to return to the correctional bearish track again.
Expected trading range for today is between 1325.00 support and 1350.00 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
USDCAD faces the psychological barrier – Analysis - 07-03-2018
The USDCAD pair bounced downwards clearly yesterday after testing the psychological barrier at 1.3000, to move below 1.2923 level, but it begins today with clear bullish bias to surpass the mentioned level, as the price gets positive support by the EMA50, besides that stochastic provides positive signal on the four hours’ time frame.
MoreUSDJPY resumes the decline – Analysis - 07-03-2018
The USDJPY pair bounced bearishly after retesting 106.35 level yesterday, to start pushing on the key support 105.54 now, waiting to break this level to confirm opening the way to head towards 104.31 that represents our next main target.
MoreGBPUSD gets a positive close – Analysis - 07-03-2018
The GBPUSD pair breached 1.3854 level and closed the daily candlestick above it, which stops the recently suggested negative scenario and pushes the price to start recovery attempts that target the return to the main bullish trend, waiting to test 1.4041 level as a first main station.
More