|
Silver price reaches the positive target - Analysis - 25-01-2024
Silver price continued to rise to reach 23.00 areas, noticing that the price bounced bearishly to test the EMA50, as it found solid resistance at the mentioned level, and it needs to get positive motive that assist to surpass this level followed by opening the way to achieve additional gains that reach 23.70.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 22.65 will stop the bullish bias and push the price to test 22.25 initially.
The expected trading range for today is between 22.50 support and 23.10 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Gold price attacks the support – Analysis - 25-01-2024
Gold price ended yesterday negatively below 2016.90 level, to hint heading to achieve additional bearish correction in the upcoming sessions, supported by the negative pressure formed by the EMA50, but we notice that the price attempts positively by today’s open, motivated by stochastic positivity, to face contradiction between the technical factors that makes us prefer to stay aside until the price confirms its next destination clearly.
MoreThe USDCAD is recovering – Analysis - 25-01-2024
The USDCAD pair ended yesterday with strong positivity to breach 1.3500 level and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve gains that start at 1.3600 and extend to 1.3680.
MoreThe USDJPY reaches the first target – Analysis - 25-01-2024
The USDJPY pair traded with clear negativity yesterday to reach slight difference from our waited target at 146.60, noticing that the price found solid support there, to rebound bullishly and head towards attempting to regain the bullish trend again, as it negotiates key resistance now at 147.60, and it needs to breach it to confirm the continuation of the rise to achieve gains that start by testing 148.80 level.
More