The pair managed to confirm breaking 0.8160 activating the negative pattern again, and begins today with more declines to surpass 0.8060, opening the way towards more downside move, and the next target at 0.7920
Stochastic provides negative signal that supports the suggested decline, which remains valid conditioned by the stability below 0.8060 and the most important below 0.8160
Expected trading range for today is between: 0.7920 support and 0.8160 resistance.
Expected trend for today: Bearish
The pair managed to break the continuation flag pattern’s support that was mentioned yesterday which appears in the minor image, activating the negative effect for the pattern which supports the continuation of the bearish trend expectations, waiting for testing our next main target at 0.9580, where breaking this level represents the rally key towards 0.9230
Breaching 0.9710 might stop the negative scenario temporarily and delay achieving the waited targets.
Expected trading range for today is between: 0.9485 support and 0.9710 resistance.
Expected trend for today: Bearish
Crude oil price continues its decline after confirming breaking 94.65, to approach now from the bullish channel’s support 92.75, where the effect of Stochastic negativity is continued.
In general, the sideways trading remains valid and preferred as long as the price is limited between 92.75 and 96.75, being aware that breaking below 92.75 will open the way for the decline which is targeting initially the psychological barrier 90.00
Expected trading range for today is between: 92.00 support and 95.50 resistance.
Expected trend for today: Sideways
Silver price declined to test the critical support 22.00, which breaking it represents the confirmation key for the continuation of moving lower mainly towards 20.00
And until now, we are waiting for the confirmation signal of the next trend, where we need a break below the mentioned support or a breach above the resistance 23.00, and the contradiction between EMA50 and Stochastic is another reason for being aware and monitoring the price according to the mentioned levels.
Expected trading range for today is between: 21.00 support and 23.50 resistance.
Expected trend for today: Depends on the abovementioned levels