Silver price breaks the support - Analysis - 22-10-2021
Silver price ended yesterday below 24.20, which puts the price under expected negative pressure in the upcoming sessions, on its way to test 23.15 before any new attempt to rise again.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 24.20 and holding above it will reactivate the bullish trend scenario that its next main target located at 25.05.
The expected trading range for today is between 23.60 support and 24.60 resistance.
The expected trend for today: Bearish
The AUDUSD starts bearish correction – Analysis - 22-10-2021
The AUDUSD pair traded negatively yesterday to break 0.7475 level and settles below it, which opens the way to achieve bearish correction for the rise that started from 0.7170 areas, noting that breaking 0.7455 will push the price to 0.7400 direct.
Therefore, the bearish bias will be expected for today unless the price managed to breach 0.7475 and hold above it again.
The expected trading range for today is between 0.7410 support and 0.7500 resistance
The expected trend for today: Bearish
Gold price gathers the positive momentum – Analysis - 22-10-2021
Gold price didn’t show any strong move yesterday, to continue fluctuating around 1785.00, thus, no change to the bullish trend scenario that depends on the price stability above 1770.00, supported by the positive signals provided by stochastic now, reminding you that our expected targets begin at 1797.00 and extend to 1825.15 after breaching the previous level.
The expected trading range for today is between 1770.00 support and 1800.00 resistance.
The expected trend for today: Bullish
The USDCAD tests the resistance – Analysis - 22-10-2021
The USDCAD pair resumes its negative trades clearly to move away from 1.2365, reinforcing the expectations of continuing the bearish trend, which gets continuous support by the EMA50 that presses negatively on the price, and the way is open to achieve our waited target at 1.2230.
On the other hand, we should note that breaching 1.2365 will stop the negative scenario and lead the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 1.2290 support and 1.2420 resistance.
The expected trend for today: Bearish