Gold price returns to decline – Analysis - 23-09-2021
Gold price bounced downwards strongly after consolidating below the broken neckline of the head and shoulders’ pattern that appears on the chart, to keep the negative effect of this pattern active, as the price broke 1770.00 level and settled below it, to reactivate the bearish trend scenario that targets 1735.00 as a next main station.
Therefor, the bearish bias will remain suggested for the upcoming sessions conditioned by the price stability below 1770.00 and the most important below 1780.00.
The expected trading range for today is between 1740.00 support and 1780.00 resistance.
The expected trend for today: Bearish
Silver price resumes the decline - Analysis - 23-09-2021
Silver price bounced downwards clearly after testing 22.90 in the previous sessions, as the EMA50 formed good negative pressure to protect the recently suggested negative scenario, waiting for more decline to visit 21.65 followed by 20.75 levels as next main targets.
Therefore, the bearish trend will remain suggested conditioned by the price stability below 22.90, noting that breaking 22.30 will ease the mission of achieving the waited targets.
The expected trading range for today is between 22.10 support and 22.90 resistance.
The expected trend for today: Bearish
The USDJPY breaches the resistance – Analysis - 23-09-2021
The USDJPY pair rallied upwards strongly yesterday to surpass our first waited target at 109.80 and settles above it, reinforcing the expectations of continuing the bullish trend, and the way is open to visit 111.00 that represents our second target.
Moving above the EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 109.20.
The expected trading range for today is between 109.30 support and 110.60 resistance
The expected trend for today: Bullish
The GBPUSD approaches the target - Analysis - 23-09-2021
The GBPUSD pair shows more bearish bias to approach our waited target at 1.3570, and we suggest the continuation of the negative pressure to surpass this level and visit 1.3500 as a next main station.
The EMA50 continues to support the expected decline, which will remain valid unless the price rallied to breach 1.3680 and hold above it.
The expected trading range for today is between 1.3540 support and 1.3780 resistance.
The expected trend for today: Bearish