Midday update for Silver 16-09-2021
Silver price resumes its negative trading to move away from 23.95 level, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to achieve our waited target at 22.90, reminding you that it is important to hold below 23.95 to continue the expected decline.
The expected trading range for today is between 23.30 support and 24.10 resistance.
The expected trend for today: Bearish
Midday update for Gold 16-09-2021
Gold price faces clear negative pressure to break 1786.00 and attempts to hold below it, and by taking a deeper look at the chart, we find that the price completes forming head and shoulders’ pattern that has negative targets that surpass 1770.00 to reach 1735.00.
Therefore, the bearish bias will be suggested for the rest of the day unless the price rallied to breach 1797.00 and hold above it.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 16-09-2021
The GBPUSD pair shows some bearish bias to press on the EMA50, and as long as the price is above 1.3785, our bullish overview will remain valid for today, as breaking this level will press on the price to turn to decline, while the first positive target is located at 1.3890.
The expected trading range for today is between 1.3750 support and 1.3930 resistance.
The expected trend for today: Overall Bullish
Midday update for the EURUSD 16-09-2021
The EURUSD pair trades with strong negativity to achieve our first waited target at 1.1780 and attempts to confirm breaking it, reinforcing the expectations of extending the bearish wave to reach 1.1700 as a next target, to continue suggesting the bearish trend for the rest of the day unless the price rallied to breach 1.1830 and hold above it.
The expected trading range for today is between 1.1740 support and 1.1888 resistance.
The expected trend for today: Bearish