|
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
Thanks for your feedback.
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.
MoreGold 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.
MoreThe 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.
More