Midday update for Silver 01-10-2021
Silver price hovers around 22.20 level, and stochastic continues to provide the negative signals, waiting to motivate the price to resume the expected bearish trend for today, which targets 21.65 followed by 20.75 levels as next main stations, reminding you that the continuation of the bearish wave requires holding below 22.20.
The expected trading range for today is between 21.50 support and 22.40 resistance.
The expected trend for today: Bearish
Midday update for Gold 01-10-2021
Gold price shows negative trades to move away gradually from the bearish channel’s resistance, to keep the bearish trend scenario valid and active for today, supported by stochastic negativity, waiting to visit 1735.00 as a first main target, reminding you that it is important to hold below 1770.00 to continue the expected decline.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 01-10-2021
The GBPUSD pair shows sideways trades since morning, and it needs to breach 1.3475 to ease the mission of heading towards our first positive target at 1.3530.
In general, our bullish overview will remain valid as long as 1.3410 remains intact, reminding you that breaching the targeted level will push the price to 1.3600 as a next station.
The expected trading range for today is between 1.3380 support and 1.3550 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 01-10-2021
The EURUSD pair keeps its stability below 1.1605, to keep the negative pressure valid for today, supported by the EMA50 that pushes the price to the downside, waiting for more decline that targets 1.1500 as a next station, reminding you that it is important to hold below 1.1605 to continue the expected bearish trend.
The expected trading range for today is between 1.1490 support and 1.1635 resistance.
The expected trend for today: Bearish