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Silver resumes rising – Analysis - 05-03-2018
Silver price shows sideways trades now after keeping its stability above the bullish trend line that appears on the chart, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, which gets positive signal through stochastic, waiting to target 17.43 that represents our next main station.
We should note that breaking 16.35 will stop the expected rise and push the price to test 15.49 areas before any new attempt to rise.
Expected trading range for today is between 16.40 support and 16.80 resistance.
Expected trend for today: Bullish
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Gold surpasses the moving average – Analysis - 05-03-2018
Gold price continues to rise by today’s opening to surpass the EMA50 and settles above it, which supports the continuation of the bullish trend expectations on the intraday basis, and the way is open to visit 1335.40 level that represents our next target, noting that breaching this level will extend Gold price gains to reach 1365.97 as a next main station.
MoreUSDCAD reaches the target – Analysis - 05-03-2018
The USDCAD pair provided move sideways trading to reach the main waited target at 1.2923, which represents 50% Fibonacci correction level for the entire decline measured from 1.3792 to 1.2053, which means that breaching it will push the price to visit the next correctional level at 1.3128.
MoreUSDJPY hits the extended targets – Analysis - 05-03-2018
The USDJPY pair succeeded to achieve our next waited target at 105.54 and settles around it now, noticing that the price begins today with bearish bias to move below the mentioned level, which supports the chances of extending the bearish wave on the short term basis, waiting to head towards our next target at 104.31.
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