Silver price approaches the target - Analysis - 03-06-2022
Silver price shows clear positive trades to approach our main waited target at 22.67, and the positive effect of the inverted head and shoulders pattern continues, to support the chances of surpassing this level and achieve more gains on the longer term basis.
Therefore, the bullish bias will remain valid supported by the EMA50 unless breaking 21.85 followed by 21.50 levels and holding below them.
The expected trading range for today is between 22.10 support and 22.80 resistance.
The expected trend for today: Bullish
Gold price keeps rising – Analysis - 03-06-2022
Gold price keeps rising to reach 1870.00 level, reinforcing the expectations of continuing the bullish trend, which targets 1890.00 mainly, noting that the price moves within bullish channel that supports the chances of surpassing the mentioned level to achieve additional gains on the intraday and short term basis.
In general, the bullish trend scenario will remain active and dominant in the upcoming sessions conditioned by the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1850.00 support and 1890.00 resistance.
The expected trend for today: Bullish
The USDCAD breaks the support – Analysis - 03-06-2022
The USDCAD pair declined strongly to break 1.2605 and close the daily candlestick below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming sessions, and the way is open to achieve our additional negative targets that start at 1.2500 followed by 1.2460.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1.2605.
The expected trading range for today is between 1.2490 support and 1.2650 resistance.
The expected trend for today: Bearish
The USDJPY gets positive signals – Analysis - 03-06-2022
The USDJPY pair settles around the intraday bullish channel’s support line that appears on the chart, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the bullish wave that targets 131.35 as a next main station.
Therefore, we will keep our bullish overview for the upcoming period, noting that holding above 129.45 is important to continue the suggested rise.
The expected trading range for today is between 129.30 support and 130.50 resistance
The expected trend for today: Bullish