Midday update for Silver 10-01-2022
Silver price shows bullish bias to head towards potential test to the key resistance 22.60, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend valid for today, supported by stochastic negativity, besides the negative pressure formed by the EMA50, reminding you that our waited targets begin at 22.00 and extend to 21.40.
The expected trading range for today is between 21.70 support and 22.60 resistance.
The expected trend for today: Bearish
Midday update for Gold 10-01-2022
Gold price trades with clear positivity to breach 1797.00 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will lead the price to turn to rise and achieve intraday gains that start by testing 1825.15 areas, while stochastic provides negative signals that support the chances of resuming the bearish trend that its next target located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 10-01-2022
The GBPUSD pair keeps its stability above 1.3565, to keep the bullish trend scenario valid and active for today, supported by the EMA50 that carries the price from below, reminding you that our main waited target reaches 1.3660.
The expected trading range for today is between 1.3510 support and 1.3680 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 10-01-2022
The EURUSD pair settles around the EMA50, and as long as the price is below 1.1375, our bearish overview will remain valid and active for the upcoming period, motivated by the negative overlapping signal that appears on stochastic, reminding you that we are waiting to visit 1.1285 followed by 1.1150 levels after surpassing the previous level.
The expected trading range for today is between 1.1250 support and 1.1400 resistance.
The expected trend for today: Bearish