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Silver price attempts positively - Analysis - 15-03-2023
Silver price resumes its positive trading to gradually approach our waited target at 22.13, getting continuous positive support by the EMA50, to reinforce the chances of continuing the rise and surpassing the mentioned level to achieve additional gains that reach 23.05.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which depends on the price stability above 21.40, as breaking this level represents negative factor that will press on the price to decline towards 20.64 initially, which represents key level to determine the next trend on the intraday and short term basis.
The expected trading range for today is between 21.50 support and 22.30 resistance.
The expected trend for today: Bullish
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Gold price within positive pattern – Analysis - 15-03-2023
Gold price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, breaching 1911.80 will activate the positive effect of this pattern and push the price to resume the bullish wave that targets 1928.60 followed by 1960.00 levels mainly.
MoreThe USDCAD breaks the support – Analysis - 15-03-2023
The USDCAD pair faced negative pressure yesterday to attack the key support 1.3680, starting today with new negativity to move below this level, which stops the recently suggested positive scenario to head towards turning to decline on the intraday basis, paving the way to achieve negative targets that start at 1.3560 followed by 1.3500.
MoreThe USDJPY is stable – Analysis - 15-03-2023
The USDJPY pair settles around 134.00 level since yesterday, affected by stochastic negativity that slows the intraday bullish wave, waiting to resume the rise and achieve our positive targets that start at 135.40 and extend to 137.70 after surpassing the previous level.
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