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Midday update for Silver 11-03-2020
Silver price shows slight bearish bias to test 16.96 level, and the price needs to hold above this level to keep the bullish trend scenario active for the upcoming period, as breaking it will put the price under negative pressure that targets testing 16.33 level initially, while our first positive target is located at 17.60.
The expected trading range for today is between 16.90 support and 17.40 resistance.
The expected trend for today: Bullish
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Midday update for Gold 11-03-2020
Gold price did not show any strong move since morning, to fluctuate around 1660.00, and as long as the price is above 1633.60, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 1689.33 and extend to 1735.50.
MoreMidday update for the GBPUSD 11-03-2020
The GBPUSD pair trades with clear positivity to test the key resistance 1.2965, as the price affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this resistance to keep the bearish trend scenario dominant in the upcoming sessions, which its next main target located at 1.2736.
MoreMidday update for the EURUSD 11-03-2020
The EURUSD pair shows calm negative trades in attempt to move away from 1.1325, to keep the bearish trend scenario valid for today, supported by the negative signal provided by stochastic, waiting to test 1.1221 as a next main target, noting that breaking this level will extend the correctional bearish wave to reach 1.1136.
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