Silver Price Analysis

Expected Scenario

• Silver price hovers around the bullish channel’s support line again, noticing that stochastic approaches the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which its main targets located at 28.75$ followed by 29.40$.
• The EMA50 continues to support the suggested rise, which will remain valid unless breaking 27.50$ and holding below it.

Expected Trading Range

Between 27.80$ support and 28.50$ resistance.

GBPUSD Price Analysis

Expected Scenario

• The GBPUSD pair shows sideways trades since morning, and as long as the price is below 1.2580$, the bearish trend scenario will remain valid and active, which targets 1.2480$ followed by 1.2385$ levels as main negative stations.
• Holding below 1.2580$ is important to the continuation of the expected decline, as breaching it will stop the bearish correction and push the price to recover again.

Expected Trading Range

Between 1.2450$ support and 1.2610$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD pair shows new negative trades now, in attempt to resume the expected bearish trend for today, and we believe that the way is open to target 1.0645$ as a next main station, waiting to get negative motive that assist to push the price to achieve the expected target.
• The EMA50 continues to support the expected bearish wave, which will remain valid unless breaching 1.0765$ and holding above it.

Expected Trading Range

Between 1.0655$ support and 1.0810$ resistance.

GBPCHF Pair Analysis

Expected Scenario

• The GBPCHF pair recently provided a positive signal by closing positively above the 1.1410 resistance line, attempting to confirm a move to the bullish track and recording gains by reaching 1.1480.
• The frequent stability above the resistance confirms the formation of a key support line. Additionally, stochastic attempts to crawl towards the overbought areas will provide the price with strong positive momentum, suggesting targeting new positive stations starting at 1.1528 and 1.1580 on a medium-term basis.

Expected Outcome

The GBPCHF pair is exhibiting positive signals, closing above the 1.1410 resistance line and attempting to confirm a move to the bullish track, with gains reaching 1.1480. Stability above the resistance confirms the formation of a key support line. Stochastic indicators crawling towards overbought areas suggest strong positive momentum, indicating potential targets at 1.1528 and 1.1580 on a medium-term basis.

Expected Trading Range

Between 1.1440 and 1.1528.