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Silver price negotiates the moving average - Analysis - 21-08-2023
Silver price fluctuates within sideways track recently, and tests the EMA50 that forms good resistance against the price, waiting to get negative motive that assist to push the price to resume the bearish trend again, which its next target located at 22.25.
In general, we will continue to suggest the bearish trend as long as the price is below 23.00, as breaching this level represents the first key to attempt to regain the main bullish trend again.
The expected trading range for today is between 22.20 support and 23.10 resistance.
The expected trend for today: Bearish
Gold price begins positively – Analysis - 21-08-2023
Gold price fluctuates positively by today’s open to head towards expected test to the bearish channel’s resistance, affected by stochastic positivity, waiting to resume the bearish trend that targets 1873.50 areas as a next main station.
MoreThe USDCAD gains the positive momentum – Analysis - 21-08-2023
The USDCAD pair continued to rise to approach our first waited target at 1.3595, and continues to move inside the bullish channel that supports the chances of continuing the rise to achieve additional positive targets that reach 1.3680.
MoreThe USDJPY attempts to resume the bullish trend – Analysis - 21-08-2023
The USDJPY pair’s decline stopped at the EMA50 that formed good support against the price, to hint stopping the bearish correction and head to resume the main bullish trend, noticing that the recent trades are confined inside minor bearish channel that we believe it forms bullish flag pattern, which means that breaching 145.55 will activate the positive effect of this pattern and push the price to rise again.
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