|
Midday update for Silver 22-02-2023
Silver price provides slight negative trades, affected by the strength of the EMA50 that forms good resistance against the price, waiting to resume the bullish bias to surpass this barrier and test 22.13 level mainly.
Holding above 21.40 is important to continue the expected rise, as breaking it will press on the price to achieve additional bearish correction that its next target reaches 20.64.
The expected trading range for today is between 21.50 support and 22.25 resistance.
The expected trend for today: Bullish
Thanks for your feedback.
Midday update for Gold 22-02-2023
Gold price fluctuates within tight range since morning, moving near 1828.70 level, while stochastic continues to provide the positive signals on the intraday time frames, waiting to motivate the price to resume the bullish bias that its targets begin by breaching 1847.00 to reinforce the chances of rallying towards 1878.80.
MoreMidday update for the GBPUSD 22-02-2023
The GBPUSD pair resumes its negative trading to test the EMA50 that forms key support at 1.2065, waiting to break this level to confirm opening the way to extend the expected bearish wave for today, which targets testing 1.1940 initially.
MoreMidday update for the EURUSD 22-02-2023
The EURUSD pair didn’t show any strong move since morning, thus, no change to the expected bearish trend for today, which depends on the price stability below 1.0745, supported by the negative pressure formed by the EMA50, waiting to break 1.0650 to confirm opening the way to rally towards 1.0515 as a next main station.
More