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Silver price keeps achieving the strong gains - Forecast today - 04-04-2024
Economies.com
2024-04-04 01:39AM UTC
Silver Price Analysis
- Silver price surpassed the 27.00$ barrier and closed yesterday above it, reinforcing expectations for continuing the bullish trend on the intraday and short-term basis.
- The next positive station is expected at 28.00$.
- Stochastic's current negativity might cause some temporary sideways fluctuation before resuming the suggested rise.
- Breaking 26.65$ will put the price under intraday correctional pressure to head towards testing 25.50$ areas before any new attempt to rise.
The expected trading range for today is between 26.85$ support and 27.75$ resistance.
Trend forecast: Bullish
Gold price hits the first extended target – Forecast today - 04-04-2024
Economies.com
2024-04-04 01:39AM UTC
Gold Price Analysis
- Gold price succeeded to touch our first waited target at 2300.00$ and settles there, waiting to continue the rise within the bullish channel that appears on the chart.
- The next main target is the resistance line of the bullish channel, now at 2330.00$.
- We continue to suggest the bullish trend on the intraday and short-term basis, supported by the EMA50 that keeps supporting the price from below.
- Breaking 2260.00$ will stop the expected rise and push the price to test the bullish channel’s support line around 2215.00$ before any new positive attempt.
The expected trading range for today is between 2285.00$ support and 2325.00$ resistance.
Trend forecast: Bullish
The USDCAD price keeps fluctuating – Forecast today - 04-04-2024
Economies.com
2024-04-04 01:38AM UTC
USDCAD Price Analysis
- The USDCAD price faced negative pressure in the previous sessions to test the sideways range’s support line at 1.3505$.
- The sideways track still dominates the intraday trades until the price manages to break the mentioned support or breach 1.3606$ resistance.
- The continuation of the decline and breaking the mentioned support will push the price to visit 38.2% Fibonacci correction level at 1.3440$ directly.
- Breaching the resistance represents the key to resume the main bullish track and achieve new gains that reach 1.3700$.
The expected trading range for today is between 1.3460$ support and 1.3600$ resistance.
Trend forecast: Sideways
The USDJPY price awaits the breach – Forecast today - 04-04-2024
Economies.com
2024-04-04 01:38AM UTC
USDJPY Price Analysis
- The USDJPY price continues to fluctuate inside the ascending triangle.
- We are still waiting to get positive motive that assist to push the price to breach 151.81 level followed by rallying to resume the main bullish trend.
- This trend targets 153.00 areas as a next main station.
- We will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 151.25 and holding below it.
The expected trading range for today is between 151.00 support and 152.50 resistance.
Trend forecast: Bullish