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Silver continues to retest 07/03/2013
Silver price return to settle near the initial retest level at 29.20, besides Stochastic heading towards the overbought levels, and as long as the price is below 29.20 and 29.70, the bearish trend’s scenario remains valid and active waiting for targets that begin at 27.00.
Expected trading range for today is between: 27.00 support and 29.70 resistance.
Expected trend for today: Bearish
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Gold at the moving average 07/03/2013
Gold price visits now EMA50 at 1586.00, accompanied with Stochastic entering the overbought levels, and that encourages us to continue in our bearish trend expectations, which remains active on the intraday basis if the price settled below the mentioned level.
MoreUSD CAD approaches the target 07/03/2013
The pair returns to be trading positively and approaches from the initial main target at 1.0365, supported by the positive overlapping signal that is provided by Stochastic.
MoreUSD JPY at the sideways range resistance 07/03/2013
The pair’s trading bounced higher after finding a good support at the EMA50, where it moves now at the sideways range’s resistance.
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