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Silver surpasses the initial resistance – Analysis - 07-03-2018
Silver price succeeded to breach 16.65 level and settled above it, which supports our positive overview that targets 17.43 level as a next station, noting that stochastic continues to provide the positive signals on the daily time frame.
Therefore, we believe tha the chances are valid to continue the rise in the upcoming sessions, noting that holding above 16.35 represents key condition to achieve the waited targets.
Expected trading range for today is between 16.50 support and 17.00 resistance.
Expected trend for today: Bullish
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Gold hits the first target – Analysis - 07-03-2018
Gold price settles around 1335.40 level that represents our first suggested target in our recent reports, and the price is attempting to breach this level by today’s opening, but it faces good resistance formed by the previously broken support of the bullish channel that appears on the chart, which shows the price need for enough positive momentum to breach the mentioned resistance.
MoreUSDCAD faces the psychological barrier – Analysis - 07-03-2018
The USDCAD pair bounced downwards clearly yesterday after testing the psychological barrier at 1.3000, to move below 1.2923 level, but it begins today with clear bullish bias to surpass the mentioned level, as the price gets positive support by the EMA50, besides that stochastic provides positive signal on the four hours’ time frame.
MoreUSDJPY resumes the decline – Analysis - 07-03-2018
The USDJPY pair bounced bearishly after retesting 106.35 level yesterday, to start pushing on the key support 105.54 now, waiting to break this level to confirm opening the way to head towards 104.31 that represents our next main target.
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