Midday update for Silver 23-09-2021
Silver price returns to test 22.90 level, as the price is affected by stochastic positivity, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, as breaching it will push the price to start bullish wave that targets testing 23.55 areas initially, while the negative targets of the expected bearish wave are located at 22.30 followed by 21.65.
The expected trading range for today is between 22.10 support and 22.90 resistance.
The expected trend for today: Bearish
Midday update for Gold 23-09-2021
Gold price tests the first resistance 1770.00 and still below it until now, and the EMA50 continues to press negatively on the price, to continue suggesting the bearish trend for today conditioned by the price stability below the mentioned level and below 1780.00, reminding you that our main waited target is located at 1735.00.
The expected trading range for today is between 1740.00 support and 1780.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 23-09-2021
The GBPUSD pair trades with clear positivity to test the key resistance 1.3680, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend valid for today, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 1.3570.
The expected trading range for today is between 1.3540 support and 1.3780 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 23-09-2021
The EURUSD pair shows positive trades now to approach the EMA50, affected by stochastic positivity, while the bearish trend scenario still valid for today unless the price rallied to breach 1.1780 and hold above it, noting that we are waiting to visit 1.1605 as a main target.
The expected trading range for today is between 1.1610 support and 1.1750 resistance.
The expected trend for today: Bearish