Silver price recovers – Analysis - 18-02-2019
Silver price breached 15.75 level and settled above it, to turn to rise on the intraday basis, targeting testing 61.8% Fibonacci correction level at 16.00 again.
Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will extend silver price gains to reach 16.50 as a next station, while breaking 15.62 will stop the bullish wave and press on the price to decline again.
The expected trading range for today is between 15.60 support and 16.00 resistance.
The expected trend for today: Bullish
Gold price braches the resistance – Analysis - 18-02-2019
Gold price confirmed breaching 1316.65 level after ending last week above it, to head towards achieving more expected gains in the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, noting that our next targets located at 1247.50 followed by 1365.05.
We should note that the continuation of the suggested bullish wave depends on the price stability above 1305.00.
The expected trading range for today is between 1310.00 support and 1347.00 resistance.
The expected trend for today: Bullish
USDCAD declines again – Analysis - 18-02-2019
The USDCAD pair shows new negative trades to approach the key support 1.3205, accompanied by stochastic reach to the oversold areas, and as long as the price is above this level, our bullish overview will remain active for today, reminding you that our next main target is located at 1.3382.
Note that breaking 1.3205 will press on the price to test 1.3128 direct before any new attempt to rise.
The expected trading range for today is between 1.3170 support and 1.3300 resistance.
The expected trend for today: Bullish
USDJPY keeps its positive stability – Analysis - 18-02-2019
The USDJPY pair begins to rebound bullishly after testing 110.24 level in the previous sessions, supported by the EMA50 that protects the mentioned level, waiting for more rise in the upcoming sessions, as our next target is located at 111.56.
We should note that breaking 110.24 will stop the expected rise and press on the price to target 109.16 areas initially.
The expected trading range for today is between 110.00 support and 111.30 resistance
The expected trend for today: Bullish