|
Silver retests again 06/03/2013
Silver price approached from retesting 29.20 and bounced lower to remain stable below it, which keeps the bearish trend scenario valid until now, waiting for descending targets start at 27.00
We remind you that breaching above 29.70 will turn the price to be trading above the main bullish trend line again and cancels the expectations for moving lower on the short term basis.
Expected trading range for today is between: 27.00 support and 29.60 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
Gold in sideways track 06/03/2013
More sideways trading appears at the gold price, which finds an intraday resistance obstacle was formed by EMA50, to keep the general bearish trend expectations valid, and the initial targets begin attacking 1567.00 and then heading towards 1555.00
MoreUSD CAD is calm 06/03/2013
The pair continues in the mild bearish bias, while Stochastic attempts to gain some positive momentum, and hence the price is stable above 1.0180, our positive expectations remain valid, it might be preceded by retesting the mentioned level.
MoreUSD JPY at the moving average 06/03/2013
The pair stands now at the EMA50, which acts as support at 93.00, where breaking below this level will push the price towards the sideways range support at 92.20
More