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Silver price tests the support base - Analysis - 05-10-2021
Silver price tests the support line formed at 22.40, and the price needs to break this level to return to the bearish channel that appears on the chart followed by reinforcing the chances of continuing the decline on the intraday basis.
Until now, we will continue to suggest the bearish trend for the upcoming period as long as 22.90 level remains intact, reminding you that our first main target is located at 21.65.
The expected trading range for today is between 22.00 support and 22.80 resistance.
The expected trend for today: Bearish
Gold price tests the resistance – Analysis - 05-10-2021
Gold price found solid resistance at 1770.00 level, and couldn’t breach it, to start declining by today’s open, which keeps our bearish overview valid for the upcoming period, and the price needs to break 1755.00 to ease the mission of heading towards our main expected target at 1735.00.
MoreThe USDCAD breaks the support – Analysis - 05-10-2021
The USDCAD pair broke 1.2600 level strongly and closed the daily candlestick below it, to activate the bearish trend scenario for the upcoming period, targeting visiting 1.2495 mainly.
MoreThe USDJPY consolidates above the support – Analysis - 05-10-2021
The USDJPY pair kept its stability above 110.95, and begins to provide positive trades now, to support the continuation of the expected bullish trend for the upcoming period, which targets 112.05 mainly.
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