The pair’s sharp decline continued to surpass the psychological barrier 1.0000 and hits the main target now at 0.9975, noticing that the negative pressure is continuing and there is attempt to break below this level.
In general, the bearish bias will be continuing, and breaking below 0.9975 will open the way towards 0.9825
Expected trading range for today is between: 0.9825 support and 1.0100 resistance.
Expected trend for today: Bearish
Crude oil price collapsed in last Friday but it found a strong support at the EMA50, to return and settle again above 94.65, keeping the bullish trend scenario valid until now, and the price needs a breach above 97.05 to reinforce the positive expectations.
Stochastic negativity explains the reasons of the current negative trading.
Expected trading range for today is between: 93.45 support and 97.70 resistance.
Expected trend for today: Bullish
Silver price is hovering around the EMA50, and remains fluctuating inside the sideways range between 23.25 and 24.60, which makes us remain in preferring the continuation of the sideways trading on the intraday basis, until surpassing one of the mentioned levels.
Stochastic provides positive signals that might protect the sideways range’s support in attempt to visit 24.60 initially.
Expected trading range for today is between: 22.60 support and 24.85 resistance.
Expected trend for today: Sideways
Gold price made attempts to break below the sideways range’s support that shown in the image, but it closed last week trading above 1440.00, while opens this week trading with clear bearish bias that puts it below the mentioned level.
Now, we need to stay aside temporarily in order to monitor the daily close according to 1440.00 and 1423.00, which have the keys of detecting the next trend.
Expected trading range for today is between: 1403.00 support and 1455.00 resistance.
Expected trend for today: Neutral