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Silver price breaks the support – Analysis - 16-09-2019
Silver price traded with a strong negativity in last Friday to break the bullish channel’s support and settles below it, to provide signals for heading to make more of the bearish correction, where breaking 17.60 represents a confirmation key for rally towards 16.95 as a next main station.
Therefore, the bearish bias will be preferred in the upcoming sessions unless breaching 18.05 then 18.40 levels and holding above them.
The expected trading range for today is between 17.60 support and 18.10 resistance.
The expected trend for today: Bearish
Gold price keeps its positive stability – Analysis - 16-09-2019
Gold price made a new test to the bullish trend line and keeps its stability above this level, where it begins today’s trading with a bullish bias to move near the EMA50, keeping the bullish trend scenario valid and active in the upcoming period, waiting for breaching 1524.00 level to ease the mission of heading to 1555.00 that represents our next main target.
MoreThe USDCAD hits the target – Analysis - 16-09-2019
The USDCAD pair rallied higher strongly in last Friday to succeed to achieve the waited target at 1.3285, and begins today with a bearish gap to move near the EMA50, we expect that the price will recover in the upcoming sessions to cover the mentioned gap then breach the mentioned level to rally towards achieving more of the positive targets.
MoreThe USDJPY gathers the positive momentum – Analysis - 16-09-2019
The USDJPY pair opened today’s trading with a decline to test the bullish channel’s support that appears in the image, and begins rising now, where it gets a positive support from the EMA50, while stochastic heads to the oversold levels.
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