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Silver price settles at the support – Analysis - 13-09-2019
Silver price continues to fluctuate at the main bullish channel’s support line that appears on the chart and consolidates above it, accompanied by stochastic approach to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we expect to push the price to rise in the upcoming sessions and resume trading inside the mentioned bullish channel.
Therefore, the bullish trend will be expected for today, and the main targets begin at 18.60 and extend to 19.20, while achieving them conditions holding above 17.90.
The expected trading range for today is between 17.90 support and 18.40 resistance.
The expected trend for today: Bullish
Gold price completes a positive pattern – Analysis - 13-09-2019
Gold price completed forming falling wedge pattern that its signs appear on the chart, to trade with clear positivity yesterday, and it returns to fluctuate near the main bullish trend line that appears on the chart, accompanied by stochastic reach to the oversold areas.
MoreThe USDCAD attempts to recover – Analysis - 13-09-2019
The USDCAD pair breached 1.3200 level and settled above it, to turn to rise on the intraday basis, on its way to test 1.3285 mainly.
MoreThe USDJPY reaches the first target – Analysis - 13-09-2019
The USDJPY pair succeeded to reach our first waited target at 108.30, showing some slight bearish bias affected by stochastic negativity, but it gets continuous positive support by the EMA50, to support the chances of breaching the mentioned level and open the way to visit 109.30 as a next station.
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