Midday update for Silver 07-10-2021
Silver price shows bullish bias to approach 22.90 level, and begins to rebound bearishly that hint heading to resume the main bearish trend, to keep the negative scenario active for today, supported by stochastic negativity that appears clearly on the chart, noting that our first main target is located at 21.65, while achieving it requires holding 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 07-10-2021
Gold price provided new positive trades to approach 1770.00 level, and as long as the price is below this level, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that our main waited target is located at 1735.00.
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 07-10-2021
The GBPUSD pair tested the key resistance 1.3600 without managing to breach it, to remain confined between this resistance and 1.3530 support, and as we mentioned this morning, these levels represent the next trend keys, waiting to breach one of them to detect the next targets clearly.
Therefore, we will continue with our neutrality until now, and to review the expected targets after breaching the mentioned levels, please check our morning report.
The expected trading range for today is between 1.3490 support and 1.3670 resistance.
The expected trend for today: Neutral
Midday update for the EURUSD 07-10-2021
The EURUSD pair continues to fluctuate around 1.1563 level and still below it until now, accompanied by stochastic loss to the positive momentum, which keeps our bearish overview valid for today, supported by the negative pressure formed by the EMA50, reminding you that our first main target is located at 1.1500.
The expected trading range for today is between 1.1460 support and 1.1620 resistance.
The expected trend for today: Bearish