Midday update for Silver 06-10-2021
Silver price trades negatively to press on 22.30 level, to support the expectations of continuing the bearish trend in the upcoming sessions, waiting for more decline to visit 21.65 level that represents our next main target, reminding you that the continuation of the bearish wave depends on the price stability below 22.90.
The expected trading range for today is between 22.00 support and 22.70 resistance.
The expected trend for today: Bearish
Midday update for Gold 06-10-2021
Gold price managed to break 1755.00 level and settles below the bearish channel’s resistance again, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to head towards our first main target at 1735.00, 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 06-10-2021
The GBPUSD pair faced strong negative pressure to break 1.3600 level and settles inside the bearish channel again, to hint heading to return to the bearish track, but we prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.3530 support or breaching 1.3600 resistance.
The expected trading range for today is between 1.3550 support and 1.3700 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 06-10-2021
The EURUSD pair managed to break 1.1563 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 1.1500 that represents our next main target, noting that the EMA50 continues to support the expected decline, which conditions holding below 1.1645.
The expected trading range for today is between 1.1500 support and 1.1645 resistance.
The expected trend for today: Bearish