The pair’s trading is stuck between 0.8160 and 0.8060, while holding below 0.8160 represents the most important factor for the continuation of our intraday expectations for the bearish trend.
Thus, the morning suggested scenario remains valid and active and the main target at 0.7920
Expected trading range for today is between: 0.7920 support and 0.8160 resistance.
Expected trend for today: Bearish
The pair fluctuates in sideways and tight range settled below 0.9700, keeping the preferred bearish trend scenario valid and active for today, reminding you that holding below 0.9775 – 0.9810 is important to keep the chances of achieving the suggested targets in our morning report.
Expected trading range for today is between: 0.9485 support and 0.9775 resistance.
Expected trend for today: Bearish
Crude oil price is affected by Stochastic negativity, where it trades below the EMA50, while the sideways range remains dominant and preferred on the intraday basis between 96.75 and 92.75
Thus, the morning suggested scenario remains valid and active for the rest of today’s trading.
Expected trading range for today is between: 92.00 support and 96.75 resistance.
Expected trend for today: Sideways
More sideways trading dominates silver price between 22.00 and 23.00, while the EMA50 and Stochastic are pushing negatively on the intraday trading.
In general, we are still waiting for surpassing one of the above mentioned levels to confirm the next trend on the intraday and short term basis.
Expected trading range for today is between: 21.00 support and 23.50 resistance.
Expected trend for today: Depends on the abovementioned levels