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Silver tests the support again – Analysis - 08-03-2018
Silver price made new test to the bullish trend line at 16.35 and keeps its stability above it, which keeps our bullish overview valid until now, as we are waiting to rally towards our next target at 17.43, reminding you that holding above 16.35 represents key condition to continue the suggested bullish wave.
Expected trading range for today is between 16.35 support and 16.90 resistance.
Expected trend for today: Bullish
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Gold begins positively – Analysis - 08-03-2018
Gold price begins today’s trading with slight bullish bias after the decline that it witnessed yesterday, motivated by the positive signal provided now by stochastic, waiting to rally to breach 1335.40 followed by 1342.00 levels to confirm the continuation of the bullish trend on the intraday and short term basis, as our next main target is located at 1365.97.
MoreUSDCAD fails to confirm the positive stability – Analysis - 08-03-2018
The USDCAD pair provided new positive trades yesterday and rallied to test the psychological barrier 1.3000 again, but it bounced downwards strongly to settle below 1.2923 level, which hints that the price finds difficulty to hold above the mentioned level, to draw double top pattern that we believe it will push the price to turn to decline.
MoreUSDJPY retests again – Analysis - 08-03-2018
The USDJPY pair returns to provide positive trades and approaches retesting 106.35 again, met by the EMA50 that adds more strength to it, accompanied by stochastic reach the overbought areas.
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