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Silver awaits the breach – Analysis - 16-01-2018
Silver price settles near the key resistance 17.43, and we still waiting to breach this level to confirm extending the bullish wave towards our next target at 18.30, reinforced by the positive signal that appears on stochastic.
In general, we suggest the continuation of the bullish trend domination in the upcoming period unless breaking 16.55 level and holding below it.
Expected trading range for today is between 17.20 support and 17.50 resistance.
Expected trend for today: Bullish
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Gold gathers the positive momentum – Analysis - 16-01-2018
Gold price shows sideways trades since yesterday, settilng around 1340.00 level, noticing that stochastic begins to get rid of its negative momentum gradually, while the EMA50 keeps providing the positive support to the price and protects the key support 1321.49.
MoreUSDCAD is stable – Analysis - 16-01-2018
The USDCAD pair shows sideways and tight trading, settling below 1.2470 level, to keep the negative pressure valid on the intraday and short term basis, supported by the EMA50 that pushes the price downwards, waiting to test 1.2265 level as a next station.
MoreUSDJPY retests – Analysis - 16-01-2018
The USDJPY pair retests 111.00 level that was broken previously, affected by stochastic positivity that loses its bullish momentum clearly to approach the overbought areas, while the EMA50 forms negative pressure against the intraday trades.
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