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Silver price breaks the support - Analysis - 24-02-2023
Silver price broke 21.40 level clearly and closed the daily candlestick below it, to exit the sideways range that dominated the recent trades and head towards achieving expected decline in the upcoming sessions, paving the way to head towards 20.64 as a next negative target.
Therefore, we expect to witness more decline on the intraday basis, supported by the negative pressure formed by the EMA50, taking into consideration that breaching 21.40 and holding above it will reactivate the positive scenario to head towards achieving gains that start at 22.13 and extend to 23.05.
The expected trading range for today is between 20.90 support and 21.65 resistance.
The expected trend for today: Bearish
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Gold price gets negative close – Analysis - 24-02-2023
Gold price ended yesterday below 1828.70 level, to fall under expected negative pressure in the upcoming sessions, resuming the correctional bearish track, opening the way to head towards 1788.20 as a next negative target.
MoreThe USDCAD leans on the support – Analysis - 24-02-2023
The USDCAD pair tests the intraday bullish channel’s support line and keeps its stability above it, waiting to resume the bullish bias to achieve our positive targets that start at 1.3590 and extend to 1.3680.
MoreThe USDJPY keeps its positive stability – Analysis - 24-02-2023
The USDJPY pair faced temporary negative pressure yesterday to test the EMA50 and rebounds bullishly to settle above 134.40 again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 135.70 followed by 137.70 levels as next main targets.
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