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Silver crawls calmly – Analysis - 12-12-2017
Silver price shows sideways and tight trading in the past days, and continues to decline calmly to approach 15.49 level, thus, no change to the expected bearish trend scenario on the intraday and short term basis, which depends on holding below 16.56, noting that breaking the targeted level will push the price to head towards 13.75 as a next main station.
Expected trading range for today is between 15.60 support and 15.85 resistance.
Expected trend for today: Bearish
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Gold touches the target – Analysis - 12-12-2017
Gold price succeeded to touch our waited target at 1240.85 and settles there, noting that the EMA50 keeps pushing negatively on the price, and the price still out of the main bullish channel that was broken previously, which makes us continue suggesting the bearish trend in the upcoming period, waiting to break the mentioned level to confirm extending the bearish wave towards the recently recorded low at 1204.81.
MoreUSDCAD awaits the positive motive – Analysis - 12-12-2017
The tight range continues to dominate the USDCAD pair's trading, which fluctuates around 1.2850 level, noticing that stochastic continues the attempts to get rid of the negative momentum on the intraday time frames.
MoreUSDJPY is stable – Analysis - 12-12-2017
The USDJPY pair shows sideways trading since yesterday, keeping its stability above 113.00 level, while stochastic begins to provide positive overlapping signal on the four hours' time frame, to form positive motivate that we are waiting to assist to push the price to resume the rise in the upcoming sessions, noticing that the EMA50 keeps supporting the price from below.
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