Silver price hits the target - Analysis - 04-07-2022
Silver price managed to achieve our main waited target at 19.55, and fluctuates within tight track now around 19.85, to notice that stochastic loses its positive momentum and approaches the overbought areas, waiting to motivate the price to resume the main bearish wave, which its next target reaches 19.00.
The bearish wave continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 20.70 and the most important below 21.10.
The expected trading range for today is between 19.30 support and 20.20 resistance.
The expected trend for today: Bearish
Gold price suffers clear losses – Analysis - 04-07-2022
Gold price traded with strong negativity in the previous sessions to reach few pips away from our waited target at 1780.25, affected by stochastic positivity to show some bullish bias, noticing that the indicator lost its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, we believe that the chances valid to resume the bearish bias in the upcoming sessions, noting that breaking 1780.25 will push the price towards 1750.00 areas as a next main station, while breaching 1819.00 will push the price to achieve additional gains that reach 1850.00 before any new attempt to decline.
The expected trading range for today is between 1780.00 support and 1825.00 resistance.
The expected trend for today: Bearish
The USDCAD attacks the resistance again – Analysis - 04-07-2022
The USDCAD pair attempted to breach 1.2930 again but it kept its stability below it, which keeps our bearish overview valid until now, which targets visiting 1.2840 as a first station.
Breaking the mentioned level will extend the bearish wave to reach 1.2770 as a next negative target, while breaching 1.2930 represents the key to build new bullish wave that its initial targets reach 1.3075 areas.
The expected trading range for today is between 1.2810 support and 1.2950 resistance.
The expected trend for today: Bearish
The USDJPY breaks the channel’s support – Analysis - 04-07-2022
The USDJPY pair trades below the bullish channel’s support line, reinforcing the expectations of continuing the bearish trend on the intraday basis, waiting to visit 134.30 as a first station, noting that breaking this level will extend the bearish wave to target 132.85 as a next negative station.
On the other hand, we should note that breaching 135.60 and holding above it will push the price back to the bullish track to head towards testing 136.70 initially.
The expected trading range for today is between 134.30 support and 135.60 resistance
The expected trend for today: Bearish