Midday update for Silver 14-01-2022
Silver price fluctuates around 23.15 level, and stochastic overlaps positively to support the chances of resuming the expected bullish trend for today, which targets 23.40 followed by 24.20 as next main stations, reminding you that the continuation of the bullish wave requires holding above 22.90.
The expected trading range for today is between 22.85 support and 23.70 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 14-01-2022
The EURUSD pair retests the breached resistance of the bullish pennant pattern and keeps its stability above it, waiting to resume the bullish trend that targets 1.1500 followed by 1.1560 levels as next main stations, reminding you that the continuation of the bullish wave requires holding above 1.1375.
The expected trading range for today is between 1.1400 support and 1.1560 resistance.
The expected trend for today: Bullish
The NZDCAD tests the support – Analysis – 14-1-2022
The NZDCAD pair ended the correctional bearish attack by testing the key support at 0.8490, followed by bouncing bullishly towards 0.8575, to increase the chances of settling within the bullish track.
The price needs new positive momentum to assist to form strong bullish waves, to expect rallying towards 0.8690 followed by attempting to jump above the moving average 55 at 0.8800 in order to reinforce the domination of the bullish bias for the upcoming trading.
The expected trading range for today is between 0.8490 and 0.8650
The expected trend for today: Bullish
The EURJPY declines temporarily – Analysis – 14-1-2022
The EURJPY pair formed correctional bearish rebound due to the lack of the positive momentum, to notice crawling below 131.00, expecting the continuous decline until testing the additional support at 129.80, to form the critical line between the attempt to regain the bullish bias and the attempt to move to the bearish track in the upcoming period.
Now, the continuous fluctuation of the moving average 55 near the mentioned support will keep our bullish overview, to expect confining trades between 129.80 and the first positive target at 131.45.
The expected trading range for today is between 130.00 and 131.50
The expected trend for today: Bullish