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Silver gets a positive signal – Analysis - 23-01-2018
The tight range keeps dominating Silver price trades, which moves around 17.00 level, noticing that stochastic begins to overlap positively on the daily time frame, waiting to motivate the price to resume the bullish trend that its targets begin by testing 17.43 level.
Therefore, we will keep our positive overview for the upcoming period conditioned by holding above 16.55, reminding you that breaching the targeted level will push the price towards 18.30 as a next station.
Expected trading range for today is between 16.85 support and 17.30 resistance.
Expected trend for today: Bullish
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Gold rises calmly – Analysis - 23-01-2018
Gold price begins today’s trading with calm bullish bias after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, which support the continuation of our bullish overview in the upcoming sessions, and we believe that the way is open to visit 1357.50 that represents our next main target.
MoreUSDCAD crawls downwards – Analysis - 23-01-2018
The USDCAD pair shows calm negative trades to move below 1.2470 level now, which supports the continuation of our bearish overview in the upcoming sessions, reminding you that the price is confined inside bearish pennant pattern that its support line located at 1.2370, thus, we are waiting to break it to motivate the price to continue the overall bearish trend.
MoreUSDJPY keeps its negative stability – Analysis - 23-01-2018
The USDJPY pair showed new test to 111.00 level and kept its stability below it, to open today’s trading with bearish bias that hints resuming the correctional bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, besides the negative signal provided now by stochastic.
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