Midday update for Gold 21-09-2021
Gold price shows bearish bias now in attempt to move away from 1770.00, motivated by stochastic current negativity, waiting for more decline to visit 1735.00 that represents the next main target, remidning you that the continuation of the bearish wave conditions holding below 1770.00.
The expected trading range for today is between 1735.00 support and 1780.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 21-09-2021
The GBPUSD pair tests the key resistance 1.3680 and still below it until now, waiting to resume the bearish trend that depends on the price stability below the mentioned level, supported by the EMA50, reminding you that our main waited target is located at 1.3570.
The expected trading range for today is between 1.3570 support and 1.3740 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 21-09-2021
The EURUSD pair shows sideways trading since morning, and stochastic continues to lose the positive momentum, waiting to motivate the price to resume the expected bearish trend for today, which targets 1.1605 as a next main station, noting that the continuation of the bearish wave requires holding below 1.1780.
The expected trading range for today is between 1.1650 support and 1.1780 resistance.
The expected trend for today: Bearish
The EURCHF keeps the negativity – Analysis – 21-9-2021
No change to the EURCHF bearish track, as it provides frequent negative closings below 1.0930 resistance line, to notice approaching the moving average 55 that forms temporary support at 1.0860.
Note that stochastic begins to provide the negative momentum to increase the chances of breaking the current support and record additional negative targets that might extend towards 1.0830 and 1.0785 levels.
The expected trading range for today is between 1.0905 and 1.0830
The expected trend for today: Bearish