|
Silver price negotiates the resistance - Analysis - 18-03-2021
Silver price traded positively yesterday to test the key resistance 26.40, to hint heading to recover in the upcoming sessions, but it needs a daily close above the mentioned level to confirm the continuation of the rise and achieve more gains.
Now, we prefer staying aside until the price confirms its situation according to the mentioned level, noting that breaching it will lead the price to achieve positive targets that start at 27.05 and extend to 28.20, while consolidating below it represents the key to resume the bearish trend that its targets start by testing 25.50.
The expected trading range for today is between 25.70 support and 26.80 resistance.
The expected trend for today: Neutral
Thanks for your feedback.
Gold price breaches the resistance – Analysis - 18-03-2021
Gold price continued to rise to breach the bearish channel’s resistance and settles above it, to confirm the activation of the bullish trend scenario on the intraday and short-term basis, on its way to visit 1765.00 as a first main target.
MoreThe USDCAD hits the new target – Analysis - 18-03-2021
The USDCAD pair succeeded to achieve our waited target at 1.2415 and surpassed it to settle below it, which supports the expectations of extending the bearish wave on the short-term basis, reminding you that the next target is located at 1.2250.
MoreThe USDJPY faces solid resistance – Analysis - 18-03-2021
The USDJPY pair faces difficulty to breach 109.22 level, to start providing negative trades now and hint heading to turn to decline, as we expect heading to test 107.70 mainly.
More