Midday update for Silver 23-06-2022
Silver price resumes its negative trades to support our expectations to decline for the rest of the day, which targets 20.95 followed by 20.50 levels as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 21.85 and 22.00 levels.
The expected trading range for today is between 20.80 support and 21.60 resistance.
The expected trend for today: Bearish
Midday update for Gold 23-06-2022
Gold price shows calm negative trades, reinforcing the expectations of continuing the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, reminding you that our main targets begin at 1810.00 and extend to 1780.25, while achieving them requires holding below 1850.00.
The expected trading range for today is between 1800.00 support and 1850.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 23-06-2022
The GBPUSD pair returns to press on 1.2205 level, noticing that there is a negative formation that contradicts the positive scenario, which urges caution from the upcoming trading, as breaking the mentioned level will force the price to suffer new losses on the intraday basis, while consolidating above it is required to resume the positive scenario that targets 1.2320 followed by 1.2490 levels mainly.
The expected trading range for today is between 1.2170 support and 1.2350 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 23-06-2022
The EURUSD pair faced strong negative pressure to break 1.0550 level, to show mixed trades that make us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.0480 support or breaching 1.0550 resistance.
Note that breaking the mentioned support will put the price under more negative pressure to head towards 1.0355 as a next negative target, while breaching the resistance will lead the price to recover and visit 1.0670 areas on the near term basis.
The expected trading range for today is between 1.0440 support and 1.0600 resistance.
The expected trend for today: Neutral