Silver price hits the first target - Analysis - 27-09-2021
Silver price managed to touch our first target at 22.30 and found solid support there, to show bullish bias and approach the key resistance 22.90, waiting to rebound bearishly to resume the main bearish trend, which its targets extend to 21.65 followed by 20.75.
The negative effect of the head and shoulders’ pattern still active, reminding you that it is important to hold below 22.90 to continue the expected decline.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish
Gold price begins positively – Analysis - 27-09-2021
Gold price opens today’s trading positively to head towards potential test to the key resistance 1770.00, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum to reach the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below the mentioned resistance, while its next main target located at 1735.00.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bearish
The USDCAD resumes the decline – Analysis - 27-09-2021
The USDCAD pair tested 1.2720 level and bounced downwards strongly from there, to approach our first waited negative target at 1.2600, expecting to break this level to open the way to head towards 1.2495 as a next target.
Therefore, the bearish trend will remain dominant for the upcoming sessions, supported by the EMA50 that pushes the price to the downside, reminding you that it is important to hold below 1.2720 and 1.2775 levels to continue the expected decline.
The expected trading range for today is between 1.2540 support and 1.2690 resistance.
The expected trend for today: Bearish
The USDJPY approaches the target – Analysis - 27-09-2021
The USDJPY pair shows more rise to approach our waited target at 111.00, fluctuating with slight negativity now, affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the main bullish wave, which its next target located at 111.70.
Therefore, we will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 109.70 and holding below it.
The expected trading range for today is between 110.00 support and 111.20 resistance
The expected trend for today: Bullish