Midday update for Silver 20-03-2019
Silver price approaches 15.22 level, accompanied by stochastic reach to the oversold areas, waiting to resume the bullish wave that depends on the price stability above the mentioned level, reminding you that our positive targets begin at 15.62 and extend to 16.00 after breaching the previous level.
The expected trading range for today is between 15.20 support and 15.60 resistance.
The expected trend for today: Bullish
Midday update for Gold 20-03-2019
Gold price tested 1302.60 level and begins to rebound bullishly from there, and stochastic shows oversold signals now, waiting to motivate the price to provide more positive trades in the upcoming sessions, as our next target is located at 1320.00.
Therefore, we will keep our bullish overview for today unless breaking 1302.60 level and holding with a daily close below it.
The expected trading range for today is between 1295.00 support and 1320.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 20-03-2019
The GBPUSD pair trades with clear negativity now to attack the key support 1.3226, which urges caution from the upcoming trades, as confirming breaking this level will stop the recently suggested positive scenario and press on the price to turn to decline.
Stochastic provides positive signals now to support the chances of resuming the expected bullish trend for the upcoming period, to continue suggesting the bullish trend that targets 1.3490 as a next main station.
The expected trading range for today is between 1.3170 support and 1.3350 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 20-03-2019
The EURUSD pair tested the sideways range’s support line that dominates the recent trades and rebounds bullishly from there, to keep the bullish trend scenario active for today, supported by the EMA50, waiting to breach 1.1360 level to ease the mission of heading towards our main waited target at 1.1420 – 1.1443, while holding above 1.1290 represents key condition to continue the expected rise.
The expected trading range for today is between 1.1290 support and 1.1440 resistance.
The expected trend for today: Bullish