Midday update for Silver 26-10-2022
Silver price trades with new positivity to surpass our first waited target at 19.65 and confirms the continuation of the bullish bias in the upcoming sessions, waiting to visit 20.00 barrier as a next positive station, supported by the EMA50 that carries the price from below, to continue suggesting the bullish trend for today conditioned by the price stability above 18.80.
The expected trading range for today is between 19.00 support and 19.90 resistance.
The expected trend for today: Bullish
Midday update for Gold 26-10-2022
Gold price rallied upwards strongly to breach the neckline of the inverted head and shoulders’ pattern and activate the positive effect of this pattern, which reinforces the expectations of continuing the positive scenario efficiently for the rest of the day, and the way is open to achieve our waited target at 1686.40, noting that the chances valid to surpass this level and extend the bullish wave towards 1708.50, while the continuation of the current bullish wave depends on the price stability above 1660.00.
The expected trading range for today is between 1660.00 support and 1686.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 26-10-2022
The GBPUSD pair succeeded to achieve our waited target at 1.1580 and breached it to settle above 1.1600 barrier now, to head towards continuing the rise on the short term basis, on its way to achieve additional targets that reach 1.1700 as a next main station, noting that breaking 1.1580 followed by 1.1470 levels will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 1.1650 support and 1.1700 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 26-10-2022
The EURUSD pair shows additional positive trades to surpass 1.0000 and attempts to hold above it, reinforcing the expectations of continuing the bullish trend domination in the upcoming sessions, opening the way to achieve new gains that start at 1.0150 and extend to 1.0285, to keep the bullish trend suggested for today, noting that holding above 1.0000 represents initial condition to continue the expected rise.
The expected trading range for today is between 0.9960 support and 1.0100 resistance.
The expected trend for today: Bullish