|
The EURUSD keeps its negative stability – Analysis - 21-10-2022
The EURUSD pair bounced bearishly to close yesterday below 0.9790 level, which keeps the bearish trend scenario valid and active for the upcoming period, and by taking a deeper look at the chart, we find that the price forms double top pattern that supports the expectations of continuing the domination of the bearish trend, reminding you that the negative targets begin at 0.9700 and extend to 0.9630.
On the other hand, we should note that the continuation of the bearish wave depends on the price stability below 0.9790 and the most important below 0.9865.
The expected trading range for today is between 0.9680 support and 0.9850 resistance.
The expected trend for today: Bearish
Join Economies Discord channel to discuss this analysis
Thanks for your feedback.
Evening update for Crude oil price 20-10-2022
Crude oil price tested 86.60 level and bounced bearishly from there, to keep the bearish trend active for today, supported by stochastic negativity that appears clearly now, waiting for more decline to break 84.60 level and open the way to rally towards our next targets at 82.30 and 80.00.
MoreEvening update for Gold 20-10-2022
Gold price shows more bullish bias to test the bearish channel’s resistance, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the bearish trend that its next target located at 1615.00, while holding below 1645.00 represents key condition to achieve it.
MoreEvening update analysis for the EURUSD 20-10-2022
The EURUSD pair trades positively to breach 0.9790 level and attempts to hold above it, which urges caution from the upcoming trading, as holding above this level will stop the today’s suggested negative scenario and push the price to achieve new gains on the intraday basis, which will start at 0.9865 and might extend to 0.9940.
More