Silver price keeps its negative stability – Analysis - 15-02-2019
Silver price settles below 15.62 level, and the EMA50 keeps forming the negative pressure against the price, which supports the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our waited target at 15.22.
We should note that breaching 15.62 – 15.75 levels will stop the expected decline and push the price to visit 16.00 level again before any new attempt to decline.
The expected trading range for today is between 15.40 support and 15.75 resistance.
The expected trend for today: Bearish
Gold price loses momentum – Analysis - 15-02-2019
Gold price keeps its stability below 1316.65 after the rise that it witnessed in the previous sessions, noticing that stochastic loses its positive momentum to enter the overbought areas now, which supports the chances of bouncing bearishly to resume the bearish trend on the intraday basis, reminding you that our next target reaches 1286.70.
We should note that breaching 1316.65 and holding above it will stop the expected decline and lead the price to achieve gains that start at 1345.00 and extend to 1365.05.
The expected trading range for today is between 1286.00 support and 1325.00 resistance.
The expected trend for today: Bearish
USDCAD resumes rising – Analysis - 15-02-2019
The USDCAD pair traded with clear positivity yesterday to settle above 1.3300 barrier, which supports the continuation of our bullish overview on the intraday and short term basis, reminding you that our waited target is located at 1.3382.
The EMA50 supports the expected rise, which its continuation conditions holding above 1.3205.
The expected trading range for today is between 1.3240 support and 1.3382 resistance.
The expected trend for today: Bullish
USDJPY tests the support – Analysis - 15-02-2019
The USDJPY pair bounced bearishly yesterday after testing 111.00 barrier, to test the key support 110.24 now, accompanied by witnessing clear oversold signals through stochastic, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions conditioned by the price stability above 110.24, reminding you that our next target is located at 111.56.
The expected trading range for today is between 110.00 support and 111.00 resistance
The expected trend for today: Bullish