The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
Silver (XAG/USD) close to make a rebound
Silver has been trading in a strong bearish bias following a test of the resistance level at 17.34. Such move could be taken as a corrective one in favor of the cycle that started in the third week of March. Currently, the price is located around the Fibonacci level of 50% at 16.72, where a lower extension could take the XAG/USD pair to test the 200-hour moving average. Around that area, we’re expecting a rebound that help to boost it towards the -23.6% Fibo level at 17.63.
RSI indicator stays near of the oversold territory, calling for an imminent rebound.
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
On May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. How will it affect the price of AT&T?
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.