Midday update for Silver 14-03-2023
Silver price shows some bearish bias to approach testing the key support base 21.40, and the price needs to consolidate above this level to keep the bullish trend active, reminding you that our targets begin at 22.13 and extend to 23.05 after breaching the previous level.
Stochastic negativity interprets the reasons of the current negative fluctuation, while the expected bullish trend will remain valid unless breaking 21.40 followed by 20.64 levels and holding below them.
The expected trading range for today is between 21.35 support and 22.10 resistance.
The expected trend for today: Bullish
Midday update for Gold 14-03-2023
Gold price tests 1900.00 level now, affected by stochastic negativity, while the bullish trend still suggested for today depending on the price stability above 1878.80, waiting to visit 1928.60 followed by 1960.00 levels as next main stations.
The EMA50 continues to support the bullish wave, reminding you that breaking 1878.80 will push the price to decline towards 1828.70 as a next main station.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 14-03-2023
The GBPUSD pair didn’t show any strong move since morning, to fluctuate around 1.2150 level, thus, no change to the expected bullish trend scenario for today, which targets 1.2260 followed by 1.2440 levels as next main stations, noting that we need to get positive motive that assists to push the price to achieve the suggested targets.
On the other hand, we should note that the continuation of the bullish wave depends on the price stability above 1.2070.
The expected trading range for today is between 1.2070 support and 1.2250 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 14-03-2023
The EURUSD pair fluctuates within tight range since morning, and stochastic continues to provide the negative signals on the four hours’ time frame, thus, the bearish trend scenario will remain valid for today, which targets 1.0620 followed by 1.0515 levels mainly.
We remind you that holding below 1.0745 is important to continue the expected decline, as breaching it will push the price to build bullish wave that its targets begin at 1.0800 and extend to 1.0925.
The expected trading range for today is between 1.0610 support and 1.0770 resistance.
The expected trend for today: Bearish