AUDUSD reaches the first target – Analysis - 26-12-2017
The AUDUSD pair managed to reach our first target at 0.7727 and settles there, waiting to get enough positive momentum to push the price to breach this level to head towards our next target at 0.7820.
The EMA50 keeps supporting the price from below, to reinforce the chances of continuing the bullish trend in the upcoming period, noting that breaking 0.7633 will push the price to test 0.7516 areas again before any new attempt to rise.
Expected trading range for today is between 0.7650 support and 0.7820
Expected trend for today: Bullish
Silver negotiates the resistance – Analysis - 26-12-2017
Silver price tests the resistance line that appears on the chart, moving near the most important resistance at 16.56, noting that the EMA50 meets this level to add more strength to it, while stochastic continues to move at the overbought areas.
Therefore, these factors support the continuation of the bearish trend scenario that its main target located at 15.49, noting that breaching 16.56 will lead the price to start recovery attempts and regain the main bullish trend again.
Expected trading range for today is between 16.10 support and 16.50 resistance.
Expected trend for today: Bearish
Gold approaches the first target – Analysis - 26-12-2017
Gold price continued its bullish rally to reach the thresholds of the first waited target at 1281.17, and it returns to trade inside the main bullish channel that appears on the above chart, waiting to breach the mentioned level to confirm extending the bullish wave towards 1299.20 as a next station.
Therefore, we believe that the chances are valid to continue rising in the upcoming period supported by the EMA50, noting that breaking 1263.15 will stop the suggested rise and push the price to decline again.
Expected trading range for today is between 1270.00 support and 1290.00 resistance.
Expected trend for today: Bullish
USDCAD needs positive motive – Analysis - 26-12-2017
The USDCAD pair continues to fluctuate around 1.2723 level, settling above it until now, and the price needs to get strong positive motive that supports the chances of resuming the bullish trend, as the bullish trend scenario still active as long as the mentioned level remains intact.
Our next main target is located at 1.2927, while breaking 1.2723 followed by 1.2665 levels represents negative factor that will force the price to return to its main bearish track again.
Expected trading range for today is between 1.2665 support and 1.2800 resistance.
Expected trend for today: Bullish