Midday update for Silver 31-05-2022
Silver price attempts to build new bullish wave now, to support the continuation of the expected bullish trend for today, which depends on the price stability above 21.60, supported by stochastic positivity, waiting for more rise to achieve our first main target at 22.67.
The expected trading range for today is between 21.60 support and 22.30 resistance.
The expected trend for today: Bullish
Midday update for Gold 31-05-2022
Gold price shows positive trades to move away from 1850.00 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, motivated by stochastic current positivity, waiting to head towards 1890.00 as a next main station, reminding you that the continuation of the bullish wave conditions holding above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 31-05-2022
The GBPUSD pair keeps its stability above 1.2590 level, and begins to provide positive trades now, in attempt to resume the bullish wave that depends on the price stability above the mentioned level, noting that our waited targets begin at 1.2725 and extend to 1.2860 after surpassing the previous level.
The expected trading range for today is between 1.2560 support and 1.2710 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 31-05-2022
The EURUSD pair continues to fluctuate at the bullish channel’s support line, and stochastic attempts to get rid of its negative momentum and gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the bullish trend that its targets begin by surpassing 1.0770 to confirm rallying towards 1.0865 as a next station, reminding you that it is important to hold above 1.0725 and 1.0670 to continue the expected rise.
The expected trading range for today is between 1.0680 support and 1.0840 resistance.
The expected trend for today: Bullish