Silver price declines calmly - Analysis - 29-03-2021
Silver price trades with calm negativity to move away gradually from 25.00 barrier, which support the continuation of our bearish overview, supported by the negative pressure formed by the EMA50, noticing that the price moves inside bearish channel that supports the chances of heading towards our negative targets that reach 24.00 on the near term basis.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 25.50 and holding above it.
The expected trading range for today is between 24.30 support and 25.20 resistance.
The expected trend for today: Bearish
Gold price continues to fluctuate – Analysis - 29-03-2021
The tight and sideways range continues to dominate Gold price trades, confined between 1720.00 support and 1740.00 resistance, thus, the sideways track will remain suggested on the intraday basis until the price manages to surpass one of the mentioned levels.
We remind you that breaking the mentioned support will press on the price to visit 1700.00 followed by 1692.00 levels initially, while breaching the resistance represents the key to start recovery attempts that target 1765.00 level asa first main station.
The expected trading range for today is between 1710.00 support and 1750.00 resistance.
The expected trend for today: Sideways
The USDCAD resumes the rise – Analysis - 29-03-2021
The USDCAD pair shows new positive trades now to move away gradually from the EMA50, which support the continuation of the expected bullish trend in the upcoming period, supported by stochastic positivity, waiting to visit 1.2725 as a next main target.
We remind you that the continuation of the expected bullish wave requires holding above 1.2525.
The expected trading range for today is between 1.2550 support and 1.2670 resistance.
The expected trend for today: Bullish
The USDJPY succeeds to beach – Analysis - 29-03-2021
The USDJPY pair succeeded to breach 109.22 and rallied bullishly to approach 110.00 barrier, which support the continuation of our bullish overview efficiently in the upcoming period, reminding you that our next target is located at 110.30.
The EMA50 continues to support the expected bullish wave, organized inside the bullish channel that appears on the chart, noting that holding above 109.20 – 109.00 levels is important to continue the suggested rise.
The expected trading range for today is between 109.00 support and 110.30 resistance
The expected trend for today: Bullish