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Midday update for Silver 12-03-2020
Silver price shows sideways and tight trades since morning, and as long as the price is below 16.96, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to test 16.33 level mainly.
The expected trading range for today is between 16.30 support and 16.90 resistance.
The expected trend for today: Bearish
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Midday update for Gold 12-03-2020
Gold price keeps its stability above 1633.60 level, to keep the bullish trend scenario active for today, supported by stochastic positivity, waiting to resume the bullish bias that targets 1689.33 level initially, noting that breaking 1633.60 and holding below it will force the price to achieve more decline and head towards 1599.10 initially.
MoreMidday update for the GBPUSD 12-03-2020
The GBPUSD pair traded with strong negativity to reach our waited target at 1.2736, and the way seems open to break the mentioned level and extend the correctional bearish wave, noting that confirming the break will push the price to 1.2553 that represents 61.8% Fibonacci correction level.
MoreMidday update for the EURUSD 12-03-2020
The EURUSD pair resumes its negative trades to reach our waited target at 1.1221, noting that stochastic supports the chances of breaking the mentioned level to continue the decline towards our next correctional target that reaches 1.1136.
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