Midday update for Silver 22-10-2021
Silver price trades with clear positivity to breach 24.20 level and attempts to hold above it, affected by stochastic positivity that appears clearly on the four hours’ time frame, which leads the price to regain the bullish trend and head to achieve additional gains for the rest of the day, on its way to visit 25.05 mainly.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 24.20 and holding below it again.
The expected trading range for today is between 24.00 support and 24.70 resistance.
The expected trend for today: Bullish for the rest of the day
Midday update for Gold 22-10-2021
Gold price resumes its positive trades clearly to reach the thresholds of the first waited target at 1797.00, and we suggest surpassing this level to open the way to head towards 1825.15 as a next main station, noting that the EMA50 supports the suggested bullish wave, which will remain valid unless breaking 1770.00 and holding below it.
The expected trading range for today is between 1770.00 support and 1800.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 22-10-2021
The GBPUSD pair resumed its negative trades to move away from 1.3795 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its main target located at 1.3720, reminding you that breaching 1.3795 and holding above it again will lead the price to regain the main bullish trend.
The expected trading range for today is between 1.3700 support and 1.3880 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 22-10-2021
The EURUSD pair resumed its positive trades after testing 1.1615 level, to keep the bullish trend scenario active for the upcoming period, motivated by the positive overlapping signal provided by stochastic, waiting to test 1.1670 initially, which breaching it represents the key to rally towards 1.1715 followed by 1.1760 levels, while consolidating above 1.1615 represents key condition to achieve these targets.
The expected trading range for today is between 1.1550 support and 1.1710 resistance.
The expected trend for today: Bullish