Silver price hits the target - Analysis - 17-09-2021
Silver price rallied downwards strongly yesterday to succeed achieving our waited target at 22.90 and presses negatively on it, to hint heading to continue the decline on the intraday and short term basis, noting that the next station is located at 22.30.
Therefore, the bearish bias will remain suggested in the upcoming sessions, taking into consideration that breaching 23.10 might push the price to test 23.80 areas before any new attempt to decline.
The expected trading range for today is between 22.30 support and 23.30 resistance.
The expected trend for today: Bearish
Gold price suffers shrap losses – Analysis - 17-09-2021
Gold price declined strongly yesterday to break 1770.00 level and open the way to head towards 1735.00 that represents our next negative target, as it completed forming negative pattern that supports the chances of achieving more decline in the upcoming sessions, reinforced by the negative pressure formed by the EMA50.
Therefore, we expect the continuation of the bearish bias domination on the intraday basis, noting that breaching 1770.00 will stop the current negative pressure and lead the price to start new recovery attempts.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
The USDCAD attempts to recover – Analysis - 17-09-2021
The USDCAD pair traded positively to surpass 1.2665, but it still below 1.2720, which keeps the chances valid to resume the expected bearish trend for the upcoming period, which its targets begin at 1.2600 and extend to 1.2495 after breaking the previous level.
Stochastic shows clear negative signals that support the expected decline, which will remain valid unless breaching 1.2720 and holding above it.
The expected trading range for today is between 1.2600 support and 1.2730 resistance.
The expected trend for today: Bearish
The USDJPY achieves clear gains – Analysis - 17-09-2021
The USDJPY pair rallied upwards clearly after consolidating above 109.20 level, to head towards resuming the bullish trend on the intraday and short term basis, and it needs to breach 109.95 to confirm achieving more gains that reach 111.00 as a next main station.
Therefore, the bullish trend will be suggested for the upcoming period unless breaking 109.20 and holding below it.
The expected trading range for today is between 109.40 support and 110.60 resistance
The expected trend for today: Bullish