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Silver price breaks the support - Analysis - 13-09-2023
Silver price trades negatively to break 23.00 and settles below it, which stops the recently suggested positive scenario and push the price to turn to decline, on its way to visit 22.25 areas mainly.
Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50, noting that breaching 23.00 will stop the expected negative pressure and lead the price to attempt to build bullish wave on the intraday basis.
The expected trading range for today is between 22.50 support and 23.10 resistance.
The expected trend for today: Bearish
Gold price completes negative pattern – Analysis - 13-09-2023
Gold price confirmed breaking 1913.15 after ending yesterday below it, starting today with new decline to head towards achieving negative targets that start at 1890.00, noting that the head and shoulders’ pattern that appears on the chart has additional negative targets that reach 1873.50.
MoreThe USDCAD gets positive motive – Analysis - 13-09-2023
The USDCAD pair’s declined stopped around 1.3545, to start providing positive trades by today’s open, affected by stochastic positivity, which hints heading to achieve expected gains in the upcoming sessions, targeting testing 1.3610 level initially, noting that breaching this level will push the price to 1.3680 as a next positive target.
MoreThe USDJPY is recovering – Analysis - 13-09-2023
The USDJPY pair breached 146.90 level clearly to head towards resuming the main bullish trend again, organized inside the bullish channel that appears on the chart, which supports the chances of surpassing the recently recorded high at 147.86 to head towards 149.00 areas as a next main station.
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