Silver price continues to decline - Analysis - 30-03-2021
Silver price shows more bearish bias to head gradually towards our waited negative target at 24.00, organized inside the bearish channel that appears on the chart, supported by the EMA50 that presses negatively on the price.
Therefore, the bearish trend scenario will remain active for the upcoming period, noting that surpassing the mentioned level will extend the bearish wave to reach 22.90 as a next main station, while the decline will remain valid unless the price rallied to breach 25.50 and hold above it.
The expected trading range for today is between 24.00 support and 25.00 resistance.
The expected trend for today: Bearish
Gold price confirms the break – Analysis - 30-03-2021
Gold price confirmed breaking 1720.00 after the strong decline that it witnessed yesterday, attempting to return to the main bearish channel, which confirm the activation of the bearish trend scenario on the intraday and short term basis, on its way to achieve negative targets that start at 1692.00 and extend to 1665.00.
Therefore, the bearish bias will be suggested for the upcoming sessions, supported by the EMA50, noting that breaching 1720.00 will stop the negative pressure and lead the price to start new recovery attempts.
The expected trading range for today is between 1690.00 support and 1720.00 resistance.
The expected trend for today: Bearish
The USDCAD gets the positive momentum – Analysis - 30-03-2021
The USDCAD pair fluctuates within sideways track to move below 1.2600 now, noticing that the EMA50 continues to support the price from below, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which depends on the price stability above 1.2525, while our next target is located at 1.2705.
The expected trading range for today is between 1.2540 support and 1.2660 resistance.
The expected trend for today: Bullish
The USDJPY approaches the target – Analysis - 30-03-2021
The USDJPY pair resumes its positive trading clearly to approach our waited target at 110.30, moving inside a bullish channel that supports the chances of achieving more gains on the intraday and short-term basis, to extend the positive targets and reach 111.00 as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 109.20 and holding below it.
The expected trading range for today is between 109.40 support and 110.70 resistance
The expected trend for today: Bullish