Midday update for Silver 18-09-2023
Silver price settles above 23.00 level, to keep the bullish trend scenario active for today, which targets 23.70 mainly.
Stochastic continues the attempts to gather the positive momentum to reinforce the expectations to rise in the upcoming sessions, reminding you that it is important to hold above 23.00 to achieve the waited targets.
The expected trading range for today is between 22.90 support and 23.70 resistance.
The expected trend for today: Bullish
Midday update for Gold 18-09-2023
Gold price continues to fluctuate around 1929.00 level, waiting to get positive momentum that assist to push the price to breach this level to confirm the continuation of the bullish wave and achieve our main waited target at 1945.20, supported by the EMA50 that carries the price from below.
Holding above 1923.00 represents initial condition to continue the expected rise, as breaking it will put the price under negative pressure to test 1913.15 before any new positive attempt.
The expected trading range for today is between 1920.00 support and 1945.20 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 18-09-2023
The GBPUSD pair shows some slight bullish bias to test 1.2400 barrier, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, to keep our bearish overview that targets 1.2310 as a next main station.
Holding below 1.2435 represents the first condition to continue the expected decline, as breaching it represents the key to achieve intraday gains that target testing 1.2505 before any new attempt to decline.
The expected trading range for today is between 1.2300 support and 1.2450 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 18-09-2023
The EURUSD pair didn’t show any strong move since morning, to hover around 1.0660 level, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0685, while its targets begin by breaking 1.0635 to open the way to head towards 1.0515.
The expected trading range for today is between 1.0570 support and 1.0725 resistance.
The expected trend for today: Bearish