Midday update for Silver 01-07-2022
Silver price declines strongly to surpass 20.00 level and confirms extending the bearish wave on the intraday and short term basis, opening the way to head towards our extended target that reaches 19.55, reminding you that the continuation of the expected decline depends on the price stability below 20.50.
The expected trading range for today is between 19.70 support and 20.50 resistance.
The expected trend for today: Bearish
Midday update for Gold 01-07-2022
Gold price shows additional negative trades to approach gradually from our waited target at 1780.25, being aware that we need to monitor the price at this level, as breaking it will push the price to suffer new losses that reach 1750.00, while holding below 1814.00 represents initial condition to continue the suggested bearish trend.
The expected trading range for today is between 1780.00 support and 1820.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 01-07-2022
The GBPUSD pair continues to decline to approach our first waited target at 1.2077, waiting to break this level to confirm extending the bearish wave towards 1.1933, to keep the bearish trend scenario valid in the upcoming sessions conditioned by the price stability below 1.2225.
The expected trading range for today is between 1.2050 support and 1.2200 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 01-07-2022
The EURUSD pair shows negative trades now in attempt to resume the expected bearish trend for today, to keep the negative scenario active in the upcoming for the upcoming sessions, motivated by stochastic negativity, supported by the EMA50, reminding you that our next target reaches 1.0355, while achieving it requires holding below 1.0550.
The expected trading range for today is between 1.0370 support and 1.0510 resistance.
The expected trend for today: Bearish