|
Midday update for Gold 28-03-2018
Gold price shows negative trading to approach testing the key support 1335.40 now, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will push the price to decline towards 1316.48 before any new attempt to rise.
Stochastic still positive to support the expected rise, which its first target located at 1365.97.
Expected trading range for today is between 1335.00 support and 1365.00 resistance.
Expected trend for today: Bullish
Thanks for your feedback.
Midday update for GBPUSD 28-03-2018
The GBPUSD pair shows sideways trading since morning and settles around 1.4160 level, thus, no change to the expected bullish trend scenario for today, which depends on holding above 1.4118, noting that the EMA50 keeps supporting the bullish wave that its next target located at 1.4344.
MoreMidday update for EURUSD 28-03-2018
The EURUSD pair returns to provide the negative trades and approach the EMA50 again, which continues to provide the positive support to the price, and as long as the price is above 1.2304, our bullish overview will remain active, supported by stochastic positivity, noting that we are waiting to visit 1.2536 as a next main station.
MoreCopper keeps the negative stability – Analysis – 28-3-2018
No change on Copper price trading by its stability below the resistance at 3.0850, confirming its affection by the bearish bias domination, therefore, we will keep waiting for forming new negative trading, which allows it to achieve the main targets at 2.8500 reaching to 2.7000.
More