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A trader and a gambler are not one and the same.
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Centfx
Silver price keeps achieving the strong gains
The silver price broke through the 27.00$ barrier and closed above it yesterday, boosting hopes for the short- and intraday-term continuation of the bullish trend.
At 28.00$, the next positive station is anticipated.
The current negative state of stochastic may result in a brief sideways oscillation before the recommended rise resumes.
Before making another attempt to rise, the price will be under intraday correctional pressure to test areas around $25.50$ if it breaks below 26.65$.
Today's trading is expected to be in the range of 26.85$ support to 27.75$ resistance.
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Centfx
The AUDUSD attempts positively
The AUDUSD pair's decline came to an end at the crucial support level of 0.6500 because it was unable to break through. Today, the pair is starting with a bullish bias that suggests it is likely to build a bullish wave that will primarily target 0.6570.
As a result, the positive overlapping signal from stochastic today supports the suggested bullish bias for today. It should be noted, however, that breaking 0.6500 will halt the anticipated rise and force the price to move towards 0.6410, the next negative station.
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Charts Used In Forex Trading
A forex chart is a price chart showing the historical price and volume data on one or more currency pairs. A forex chart, thus, graphically depicts the historical behavior of a currency across various time frames, along with technical patterns & indicators and overlays.
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Centfx
USD/CAD Price Forecast: For supporters of the US dollar, 1.3600 is still a major barrier.
During the North American session on Friday, the USD/CAD pair trades in a narrow range below the round-level resistance of 1.3600. With investors' attention focused on the Federal Reserve's (Fed) monetary policy meeting on Wednesday, the Loonie asset is struggling to find direction.
At its meeting on Wednesday, the Fed is almost certain to begin lowering interest rates due to concerns about the state of the labor market and growing confidence that inflationary pressures will sustainably return to the bank's target of 2%.Regarding the extent of the anticipated interest rate cut by the Fed, traders are still divided. The likelihood that the Fed will cut interest rates by 50 basis points (bps) to 4.75%–5.00% in September has grown, according to the CME FedWatch tool drop to 45% from 28% the previous day.
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