Silver Price Forecast: Holds 20-Day Support Amid Uptrend, Faces Pullback Risk – FXEmpire
Confluence increases potential importance Note that before the rise above the trendline last Wednesday, Silver successfully tested resistance on the trendline for three consecutive days. When the bull breakout day came, the associated resistance zone was marked by the confluence of several indicators. The Uptrend Line, the 50-day MA line and the 20-day MA marked […]
EUR/USD Price Analysis: Pair extends gains above 20-day SMA, sustaining bullish momentum – FXStreet
EUR/USD rises to 1.0420 on Wednesday and extends the rising trend. The pair will increase rapidly after 20 days, strengthening a more powerful short -term outlook. The EUR/USD pair continued to be bullish on Wednesday, and it increased 0.39 % to 1.0420 because the buyer maintained control. With the latest price action, the pair has […]
Gold Price Forecast: Targeting Rise to 20-Day Moving Average at 2,644 – FX Empire
Testing previous trend support as resistance Notice that from Monday to Wednesday of this week, the line was near the resistance of the day's high. Therefore, if the bearish trigger from Wednesday is a follow-through to the downside, gold could see resistance near the 20-day moving average and then turn lower. The lower target level […]