Silver price resumes the rise - Analysis - 06-06-2022
Silver price traded with clear negativity in the previous sessions to test 21.85 level, as it kept its stability above it, noticing that the price begins today with strong rise to move away from the mentioned level, reinforcing the expectations of continuing the bullish trend, motivated by stochastic positivity, waiting to test 22.67 as a next main target.
We remind you that breaching the targeted level will push the price to 23.45 as a next positive target, while the continuation of the bullish wave depends on the price stability above 21.85.
The expected trading range for today is between 22.00 support and 22.80 resistance.
The expected trend for today: Bullish
Gold price returns to test the support – Analysis - 06-06-2022
Gold price faced negative pressure in the previous sessions to test the key support 1850.00, noticing that the price begins today with slight bullish bias, motivated by the positive signal provided by stochastic now, waiting for more rise in the upcoming sessions, as our next target is located at 1890.00.
The EMA50 protects the suggested positive scenario, which will remain valid conditioned by the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
The USDCAD tests the resistance – Analysis - 06-06-2022
The USDCAD pair tested the key resistance 1.2605 and keeps its stability below it, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which targets 1.2500 followed by 1.2460 levels as next main stations.
The bearish channel organizes the suggested bearish wave, reminding you that it is important to hold below 1.2605 to achieve the waited targets.
The expected trading range for today is between 1.2500 support and 1.2640 resistance.
The expected trend for today: Bearish
The USDJPY resumes the rise – Analysis - 06-06-2022
The USDJPY pair traded with clear positivity in the previous sessions to approach our waited target at 131.35, moving within intraday bullish channel that supports the chances of surpassing the mentioned level to achieve additional positive targets on the intraday and short term basis.
Therefore, we will continue to suggest the bullish trend that gets continuous support by the EMA50, noting that breaking 130.20 might force the price to achieve some temporary bearish correction before turning back to rise again.
The expected trading range for today is between 130.00 support and 131.35 resistance
The expected trend for today: Bullish