Silver price approaches the target – Analysis - 28-12-2020
Silver price rallied upwards strongly by today’s open to reach few pips away from our waited target at 26.88, to keep the bullish trend scenario valid and active on the intraday and short term basis, waiting to breach the mentioned level to open the way to achieve extended gains that reach 27.65.
The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 25.06 and holding below it.
The expected trading range for today is between 25.60 support and 27.00 resistance.
The expected trend for today: Bullish
Gold price begins with new positivity – Analysis - 28-12-2020
Gold price opens today’s trading with new rise to touch 1900.00$ barrier, to support the continuation of the main bullish trend that its targets located at 1906.00 followed by 1928.60, to keep our positive overview for the upcoming period, which will remain valid conditioned by the price stability above 1864.00.
Note that the holidays’ season continues, and the trading volumes are weak, thus, we might witness mixed volatile trades, which makes us recommend avoiding trading until markets get back to the normal conditions.
The expected trading range for today is between 1864.00 support and 1905.00 resistance.
The expected trend for today: Bullish
The GBPUSD attempts positively - Analysis - 28-12-2020
The GBPUSD pair shows bullish bias by today’s open to attempt to approach 1.3624 level again, getting positive signal through stochastic, waiting to motivate the price to achieve more rise in the upcoming sessions, to keep the bullish trend scenario valid and active on the intraday and short term basis conditioned by the price stability above 1.3510, reminding you that our extended target reaches 1.3760.
The expected trading range for today is between 1.3500 support and 1.3650 resistance.
The expected trend for today: Bullish
The EURUSD breaches the resistance – Analysis - 28-12-2020
The EURUSD pair begins today’s trading with new positivity to breach the minor bearish channel’s resistance that appears on the chart and settles above it, which leads the price to achieve more expected gains in the upcoming period, to activate the bullish trend scenario that its targets begin at 1.2300 followed by 1.2375.
The EMA50 supports the expected rise, which will remain valid unless breaking 1.2175 followed by 1.2145 levels and holding below them.
The expected trading range for today is between 1.2145 support and 1.2300 resistance.
The expected trend for today: Bullish