Silver price negotiates the support - Analysis - 21-09-2021
Silver price hovers around 22.30 level, and the negative effect of the head and shoulders’ pattern still active, waiting to resume the bearish wave that targets 21.65 followed by 20.75 levels as next main stations.
Stochastic provides negative signals that support the expectations to decline, reminding you that it is important to hold below 22.90 to continue the expected bearish trend.
The expected trading range for today is between 21.65 support and 22.60 resistance.
The expected trend for today: Bearish
Gold price retests the broken support – Analysis - 21-09-2021
Gold price settles near 1770.00 level, keeping its stability below it until now, accompanied by witnessing clear overbought signals through stochastic, while the EMA50 meets the mentioned resistance to add more strength to it.
Therefore, the chances valid to resume the expected bearish trend for the upcoming period, which targets testing 1735.00 as a next station.
The expected trading range for today is between 1735.00 support and 1780.00 resistance.
The expected trend for today: Bearish
The USDCAD hits the first target – Analysis - 21-09-2021
The USDCAD pair managed to achieve our first target at 1.2840, but it bounced bearishly to test the initial support areas at 1.2775, and the price needs to hold above this level as a first condition to continue the main bullish trend, which its next target located at 1.2950.
Stochastic approaches the oversold areas to support the positive overview, which will remain valid unless breaking 1.2775 followed by 1.2740 levels and holding below them.
The expected trading range for today is between 1.2740 support and 1.2870 resistance.
The expected trend for today: Bullish
The USDJPY tests the support – Analysis - 21-09-2021
The USDJPY pair faced negative pressure yesterday to reach the key support 109.20, and begins to rise to move away from the mentioned level, supported by the positive signals provided by stochastic, waiting to visit 111.00 as a next main target.
Therefore, we will keep our bullish overview unless breaking 109.20 and holding below it, noting that breaching 109.80 will ease the mission of achieving the mentioned target.
The expected trading range for today is between 109.20 support and 110.30 resistance
The expected trend for today: Bullish