Midday update for Silver 17-09-2021
Silver price shows some slight bearish bias to test 23.00 barrier, and as long as the price is below 23.10, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, noting that we are waiting to visit 22.30 as a next main target.
The expected trading range for today is between 22.30 support and 23.30 resistance.
The expected trend for today: Bearish
Midday update for Gold 17-09-2021
Gold price provided positive trades to approach testing 1770.00 level, and begins to rebound bearishly now, to keep the bearish trend scenario valid and active for today, affected by the previously completed head and shoulders pattern, reminding you that our next main target is located at 1735.00, while achieving it requires holding below 1770.00.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 17-09-2021
The GBPUSD pair continues to fluctuate around 1.3785 level, and as long as the price is above this level, our bullish overview will remain valid, supported by stochastic positivity, reminding you that our first main target is located at 1.3890.
The expected trading range for today is between 1.3730 support and 1.3890 resistance.
The expected trend for today: Overall Bullish
Midday update for the EURUSD 17-09-2021
The EURUSD pair retested 1.1780 and keeps its stability below it, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, waiting to resume the negative trades that target 1.1700 as a next main station.
The expected trading range for today is between 1.1680 support and 1.1825 resistance.
The expected trend for today: Bearish