Silver price hits the negative targets - Analysis - 07-01-2022
Silver price succeeded to achieve our main waited target at 22.00 and presses negatively on it, hinting heading to break this level and extend the bearish wave to reach 21.40 that represents our next target.
Therefore, we expect the continuation of the bearish trend domination on the intraday basis, affected by the trip top pattern that its signs appear on the chart, reminding you that it is important to hold below 22.60 to continue the suggested decline.
The expected trading range for today is between 21.60 support and 22.60 resistance.
The expected trend for today: Bearish
Gold price breaks the support – Analysis - 07-01-2022
Gold price confirmed breaking 1797.00 level after ending yesterday below it, to activate the negative scenario on the intraday basis, on its way to visit 1770.00 as a next main target.
Moving below the EMA50 supports the expected decline, noting that breaching 1797.00 and holding above it will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
Gold price breaks the support – Analysis - 07-01-2022
Gold price confirmed breaking 1797.00 level after ending yesterday below it, to activate the negative scenario on the intraday basis, on its way to visit 1770.00 as a next main target.
Moving below the EMA50 supports the expected decline, noting that breaching 1797.00 and holding above it will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
The USDCAD under the negative pressure – Analysis - 07-01-2022
The USDCAD pair bounced downwards clearly yesterday after approaching the first waited positive target at 1.2840, to attack 1.2725, but its still above the intraday support line that rises now to 1.2700, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period.
The waited positive targets begin at 1.2850 and extend to 1.2950, while achieving them requires holding above 1.2700.
The expected trading range for today is between 1.2660 support and 1.2800 resistance.
The expected trend for today: Bullish