Silver price shows some slight bearish bias to approach retesting the breached neckline of the double bottom pattern, while stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets extend to reach 31.63$.
In general, the bullish trend will remain valid for today unless breaking 29.63$ and holding below it.
The expected trading range for today is between 29.95$ support and 30.90$ resistance.
Trend forecast: Bullish
Gold price recent trades are confined within bullish pennant pattern that appears on the minor image, thus, the price needs to breach 2690.00$ to get positive motive that assist to rally towards our positive targets that start at 2700.00$ and extend to 2725.00$.
Therefore, we will continue to suggest the bullish trend for today unless breaking 2670.00$ and holding below it.
The expected trading range for today is between 2670.00$ support and 2670.00$ resistance.
Trend forecast: Bullish
The GBPUSD price resumes its negative trading to approach our waited target at 1.2115$, which supports the continuation of the expected bearish trend for today, which its targets extend to reach the bearish channel’s support line around 1.2065$.
In general, we will continue to suggest the bearish trend for the upcoming sessions unless breaching 1.2300$ and holding above it.
The expected trading range for today is between 1.2090$ support and 1.2250$ resistance
Trend forecast: Bearish
The EURUSD price attempts to break 1.0220$ level now, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that we are waiting to visit 1.0100$ as a next main target.
On the other hand, we should note that the consolidation of the mentioned support against the negative attempts will push the price to attempt to build bullish wave that its first target located at 1.0325$.
The expected trading range for today is between 1.0150$ support and 1.0300$ resistance
Trend forecast: Bearish