Midday update for Silver 15-10-2021
Silver price shows some bearish bias to head towards potential rest to 23.15 level, affected by stochastic negativity, and as long as the price is above this level, our bullish overview will remain valid for today, depending on the completion of the inverted head and shoulders’ pattern that its targets reach 25.00, noting that breaking 23.15 will press on the price to return to the bearish track again.
The expected trading range for today is between 23.15 support and 24.00 resistance.
The expected trend for today: Bullish
Midday update for Gold 15-10-2021
Gold price begins to rebound bearishly to move away from 1797.00, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 1770.00 level mainly, reminding you that the continuation of the bearish wave requires holding below 1797.00.
The expected trading range for today is between 1785.00 support and 1810.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 15-10-2021
The GBPUSD pair rallies upwards clearly to breach 1.3720 level and attempts to hold above it, motivated by stochastic positivity, waiting for more rise to visit 1.3795 that represents our next main target, reminding you that the continuation of the bullish wave requires holding above 1.3660.
The expected trading range for today is between 1.3610 support and 1.3780 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 15-10-2021
The EURUSD pair shows news attempts to breach 1.1615 level, getting positive motive by stochastic, waiting to confirm the breach to rally towards 1.1670 followed by 1.1760 levels that represent our next main targets, to keep our bullish overview for today as long as 1.1545 level remains intact, noting that the EMA50 supports the expected rise.
The expected trading range for today is between 1.1550 support and 1.1700 resistance.
The expected trend for today: Bullish