Silver price reaches the target - Analysis - 20-10-2021
Silver price succeeded to reach few pips away from our waited target at 24.20, and bounced bearishly affected by stochastic negativity, which attempts to gain the positive momentum now, noting that the EMA50 continues to provide the positive support to the price.
Therefore, we believe that the chances valid to achieve additional gains that surpass the mentioned level to reach 25.05, affected by the previously completed inverted head and shoulders’ pattern, taking into consideration that the continuation of the expected bullish wave requires holding above 23.15.
The expected trading range for today is between 23.35 support and 24.20 resistance.
The expected trend for today: Bullish
The AUDUSD surpasses the target – Analysis - 20-10-2021
The AUDUSD pair managed to breach 0.7478 level and attempts to build support base above it, to support the chances of continuing the bullish trend on the short term and medium term basis, paving the way to head towards 0.7550 followed by 0.7615 levels as next main targets.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.7440 and holding below it.
The expected trading range for today is between 0.7450 support and 0.7550 resistance
The expected trend for today: Bullish
The AUDUSD surpasses the target – Analysis - 20-10-2021
The AUDUSD pair managed to breach 0.7478 level and attempts to build support base above it, to support the chances of continuing the bullish trend on the short term and medium term basis, paving the way to head towards 0.7550 followed by 0.7615 levels as next main targets.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.7440 and holding below it.
The expected trading range for today is between 0.7450 support and 0.7550 resistance
The expected trend for today: Bullish
Gold price keeps its positive stability – Analysis - 20-10-2021
Gold price consolidated above 1770.00 level, and begins to provide positive trades by today’s open, accompanied by stochastic reach to the oversold areas, to provide positive motive that we are waiting to push the price to visit 1797.00 initially.
Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 1770.00 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bullish