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Silver price attempts positively – Analysis - 21-12-2018
Silver price breached 14.73 level and settled above it, but we notice that the price faced solid resistance line that connects the recorded tops since last August, which forms negative pressure against the price, allowing us to suggest resuming the negative trades in the upcoming sessions, especially that stochastic provides clear negative signals now.
Therefore, the bearish bias will be expected for today, and the price needs to break 14.65 level to get strong negative motive that supports the expectations to head towards our next main target at 13.93, noting that breaching 14.80 will stop the expected decline and lead the price to head towards 15.22 as a next correctional station.
Expected trading range for today is between 14.40 support and 14.90 resistance.
Expected trend for today: Bearish
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Gold price touches the resistance – Analysis - 21-12-2018
Gold price touched the correctional bullish channel’s resistance and bounced bearishly from there, noticing that the price failed to achieve a daily close above 1262.50, while stochastic provides negative signals now on the foud hours’ time frame.
MoreUSDCAD attempts positively – Analysis - 21-12-2018
The USDCAD pair attempted to breach 1.3500 barrier without managing to hold above it, and the EMA50 keeps providing the positive support to the price, while the bullish channel continues to organize the short term bullish wave.
MoreUSDJPY declines strongly – Analysis - 21-12-2018
The USDJPY pair succeeded to surpass our first waited target at 111.97 and declined strongly to approach our next target mentioned yesterday at 110.40, to keep the bearish trend suggested in the upcoming period, supported by the negative pressure formed by the EMA50, waiting for more decline today.
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