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Silver price builds support base – Analysis - 20-05-2020
Silver price settled above 17.11 level, to build good support base that reinforce the chances of continuing the bullish trend on the intraday and short term basis, organized inside the bullish channel that has positive targets, starting from 18.45 and extend to 18.93.
Therefore, we will keep our bullish overview for the upcoming period, supported by the EMA50, noting that holding above 17.11 is important to achieve the suggested targets.
The expected trading range for today is between 17.10 support and 17.60 resistance.
The expected trend for today: Bullish
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Gold price resumes rising – Analysis - 20-05-2020
Gold price provided positive trades yesterday to settle around 1745.00, reinforcing the expectations of continuing the main bullish trend, organized inside the bullish channel that appears on the chart, while the EMA50 keeps supporting the price from below.
MoreThe USDCAD attempts to recover – Analysis - 20-05-2020
The USDCAD pair bounced upwards clearly after reaching the horizontal support base that appears on the chart, on its way for potential test to 1.4015 level, supported by stochastic positivity, but as long as the price is below this level, our bearish overview will remain active, waiting to test 1.3813 mainly.
MoreThe USDJPY breaches the resistance – Analysis - 20-05-2020
The USDJPY pair breached 107.68 level and closed the daily candlestick above it, to exit the sideways range that dominated the recent trades and activates the bullish trend scenario on the intraday basis, on its way to head towards 109.22 as a next positive target.
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