Midday update for Silver 26-10-2021
Silver price tested 24.20 level again and keeps its stability above it until now, getting continuous positive support by the EMA50, to keep the bullish trend scenario active for today, which targets 25.05 as a next main station, noting that breaking 24.20 will put the price under the negative pressure and lead to turn to decline.
The expected trading range for today is between 24.10 support and 24.85 resistance.
The expected trend for today: Bullish
Midday update for Gold 26-10-2021
Gold price shows slight bearish bias now, but it keeps its stability above 1797.00, to keep the bullish trend scenario active for today, waiting to get positive momentum that assist to push the price to resume the bullish bias that targets 1825.15 mainly, to keep our bullish overview unless we witnessed clear break to 1797.00 and 1790.00 levels and holding below them.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 26-10-2021
The GBPUSD pair resumes its positive trading to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend for today, supported by the EMA50 that carries the price from below, depending on the price stability above 1.3720, reminding you that we need to breach 1.3795 to open the way to head towards 1.3910 as a next main station.
The expected trading range for today is between 1.3700 support and 1.3860 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 26-10-2021
The EURUSD pair settles below 1.1615 level, to keep the negative pressure valid for today, supported by moving below the EMA50, waiting to get negative motive that assist to push the price to head towards our main expected target at 1.1525.
The expected trading range for today is between 1.1525 support and 1.1650 resistance.
The expected trend for today: Bearish