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Silver price needs positive motive - Analysis - 12-09-2023
Silver price fluctuates within sideways track since yesterday, keeping its stability above 23.00, to keep the chances valid to resume the expected bullish trend on the intraday basis, which targets 23.70 as a next main station.
Breaching 23.20 will form positive pattern that motivates the price to rally towards the suggested target, taking into consideration that breaking 23.00 will stop the bullish wave and push the price to suffer new losses that reach 22.25.
The expected trading range for today is between 22.90 support and 23.60 resistance.
The expected trend for today: Bullish
Gold price gathers new positive momentum – Analysis - 12-09-2023
Gold price finds difficulty to confirm breaching 1929.00 level, to rebound bearishly and lean on the intraday bullish trend line that appears on the chart, noticing that stochastic provides the positive momentum again, waiting to motivate the price to resume the bullish wave and surpass the mentioned level to open the way to head towards 1945.20 as a next main target.
MoreThe USDCAD surpasses the first target – Analysis - 12-09-2023
The USDCAD pair succeeded to achieve our first waited target at 1.3580, noticing that the price broke the bullish channel’s support line and settled below it, reinforcing the expectations of continuing the domination of the bearish trend, and the way is open to head towards 1.3500 as a next main target.
MoreThe USDJPY attempts negatively – Analysis - 12-09-2023
The USDJPY pair provided clear negative trades yesterday to break 146.55 level and reach 145.90, but it returns to fluctuate around the first level, affected by stochastic positivity that loses the positive momentum clearly now, noticing that the EMA50 forms negative pressure against the price.
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