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Midday update for Silver 01-08-2016
Silver price did not show any strong move since morning, to fluctuate around 20.50 level, and as long as the price is above 19.35 level, our bullish overview will remain valid and active for today, waiting to breach the previously recorded top at 21.12 to open the way to head towards 22.00 followed by 22.40 levels.
Note that stochastic current negativity might force the price to show more sideways trading before resuming the bullish bias again.
Expected trading range for today is between 20.00 support and 21.30 resistance.
Expected trend for today: Bullish
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Midday update for Gold 01-08-2016
Gold price shows weak trading since morning to hover around 1250.00 level, as the price is affected by stochastic negativity, while the EMA50 keeps supporting the price from below.
MoreMidday update for GBPUSD 01-08-2016
The GBPUSD pair traded with clear negativity this morning moving away from the sideways range resistance that dominates the recent trades, which supports the continuation of our bearish trend expectations for the upcoming period, reinforced by stochastic negativity, waiting to break 1.3060 level to open the way to head towards 1.2860 followed by 1.2825 levels mainly.
MoreMidday update for EURUSD 01-08-2016
The EURUSD pair shows sideways and tight trading since morning settling near 1.1196 level, noticing that stochastic begins the attempts to get rid of the negative momentum to gain the positive momentum on the four hours' time frame, which supports the chances of resuming the main bullish trend, which gets continuous support by the EMA50.
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