Midday update for Silver 23-09-2022
Silver price shows new negative trading to move away from 19.60, which supports the continuation of the expected bearish trend for today, and the targets begin at 19.20 and extend to 18.80 after breaking the previous level, reminding you that it is important to hold below 19.60 to achieve the suggested targets.
The expected trading range for today is between 19.20 support and 19.80 resistance.
The expected trend for today: Bearish
Midday update for Gold 23-09-2022
Gold price resumes its negative trading clearly to attack 1665.00 level and attempts to confirm breaking it, reinforcing the expectations of continuing the bearish trend efficiently for the rest of the day, paving the way to head towards our next main target at 1644.00, noting that the EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1680.00.
The expected trading range for today is between 1650.00 support and 1685.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 23-09-2022
The GBPUSD pair resumes its negative trading clearly to move away from the bearish channel’s resistance, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next negative target at 1.1100, noting that breaching 1.1255 will stop the current negative pressure and lead the price to start new bullish correction on the intraday basis.
The expected trading range for today is between 1.1110 support and 1.1220 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 23-09-2022
The EURUSD pair rallies downwards strongly to succeed breaking 0.9820 level, as it surpassed our first negative target at 0.9800 and opens the way to head towards the second target at 0.9700, to support the continuation of the bearish trend domination for the rest of the day, noting that breaking the last level will cause more losses on the longer term basis, while the expected decline will remain valid unless breaching 0.9880 and holding above it.
The expected trading range for today is between 0.9700 support and 0.9830 resistance.
The expected trend for today: Bearish