Midday update for Silver 27-01-2023
Silver price faces negative pressure to test 23.55 level, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active, as breaking it will push the price to visit 23.05 before any new attempt to rise, reminding you that our next positive target is located at 24.55.
The expected trading range for today is between 23.55 support and 24.40 resistance.
The expected trend for today: Bullish
Midday update for Gold 27-01-2023
Gold price settles below 1931.50 level, to keep the negative scenario valid for today, waiting to break 1921.60 to add more confirmation to the continuation of the expected bearish wave, which targets 1903.50 mainly, reminding you that breaching 1931.50 will push the price to return to the main bullish track again.
The expected trading range for today is between 1900.00 support and 1935.00 resistance.
The expected trend for today: Bearish
Midday update for the GBPUSD 27-01-2023
The GBPUSD pair shows slight bearish bias now, while the EMA50 continues to support the price from below, and as long as the price is above 1.2320, our bullish overview will remain valid for today, waiting to breach 1.2440 to confirm rallying towards 1.2595 as a next main target.
The expected trading range for today is between 1.2320 support and 1.2485 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 27-01-2023
The EURUSD pair didn’t show any strong move since morning, to continue fluctuating near the EMA50, thus, no change to the bullish trend scenario that depends on the price stability above 1.0845, supported by stochastic positivity, reminding you that our next target is located at 1.1030.
The expected trading range for today is between 1.0800 support and 1.0970 resistance.
The expected trend for today: Bullish