Midday update for Silver 22-03-2021
Silver price attempted to break 25.50 level but without managing to hold below it, waiting to get negative motive that assist to confirm the break and open the wa to head towards our next target at 24.55.
In general, the bearish trend scenario will remain valid and active for today unless the price rallied to breach 26.75 and hold above it.
The expected trading range for today is between 25.00 support and 26.40 resistance.
The expected trend for today: Bearish
Midday update for Gold 22-03-2021
Gold price faced negative pressure this morning to attack 1734.00 level, but it returns to rise to rise and attempt to move above the intraday bullish channel’s support line, to keep the bullish trend scenario active for toda, supported by the positive signal provided by stochastic, depending on the price stability above the mentioned level, reminding you that our next target is located at 1765.00.
The expected trading range for today is between 1725.00 support and 1765.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 22-03-2021
The GBPUSD pair settles around 1.3860 level now, and as long as the price is below 1.3910, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our main waited target is located at 1.3765.
The expected trading range for today is between 1.3765 support and 1.3910 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 22-03-2021
The EURUSD pair trades with clear positivity now after finding solid support at 1.1888, which urges caution from the upcoming trading, as the continuation of the bullish bias and surpassing 1.1976 will stop the recently suggested negative scenario and push the price to achieve more gains, while the price needs to break 1.1888 to confirm heading towards 1.1780 as a next negative target.
The expected trading range for today is between 1.1800 support and 1.1976 resistance.
The expected trend for today: Bearish