Midday update for Silver 13-03-2023
Silver price keeps its stability above 20.64 level, to keep the bullish trend valid for today, waiting to get positive momentum that assists to push the price to achieve our targets that start at 21.40 and extend to 22.13 after surpassing the previous level.
In general, we will continue to suggest the bullish trend for today as long as 20.64 level remains intact, as breaking it will press on the price to return to the correctional bearish track again.
The expected trading range for today is between 20.60 support and 21.25 resistance.
The expected trend for today: Bullish
Midday update for Gold 13-03-2023
Gold price tested 1878.80 level and rebounds bullishly from there now, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 1928.60 followed by 1960.00 levels as next main stations.
Therefore, the positive scenario will remain active for the upcoming period, supported by the EMA50 that carries the price from below, reminding you that holding above 1878.80 represents key condition to achieve the waited targets.
The expected trading range for today is between 1870.00 support and 1905.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 13-03-2023
The GBPUSD pair shows more bullish bias and fluctuates around 1.2100 level now, and it needs positive motive that assists to push the price to continue the expected bullish trend for today, which its next target located at 1.2260.
Therefore, we will continue to suggest the bullish trend that depends on the price stability above 1.2050 as a first condition to achieve the waited targets, as breaking it will push the price to decline towards 1.1940 before any new positive attempt.
The expected trading range for today is between 1.2040 support and 1.2200 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 13-03-2023
The EURUSD pair reached few pips away from our waited positive target at 1.0745, showing some bearish bias affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the bullish wave that its targets extend to 1.0800 followed by 1.0925 after surpassing the previous level.
The EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1.0645 and holding below it.
The expected trading range for today is between 1.0610 support and 1.0780 resistance.
The expected trend for today: Bullish