The GBPUSD price achieves more decline - Forecast today - 23-04-2024
GBPUSD Price Analysis
Expected Scenario
- The GBPUSD price experienced further downward movement yesterday, testing the 1.2300$ level.
- Temporary bullish sentiment, influenced by RSI positivity, is observed, but the overall bearish trend is expected to resume, targeting 1.2265$.
- The EMA50 continues to support the bearish outlook, which remains valid unless the price breaches 1.2385$ and sustains trading above it.
Expected Trading Range
Between the support at 1.2270$ and the resistance at 1.2420$
Trend Forecast: Bearish
The EURUSD price loses momentum – Forecast today - 23-04-2024
EURUSD Price Analysis
Expected Scenario
- The EURUSD price remains around the 1.0650$ level, with stochastic gradually losing positive momentum and the EMA50 exerting negative pressure on the price.
- Therefore, the bearish outlook remains valid, awaiting a break below 1.0615$ to confirm a decline towards 1.0520$ as the next target. However, breaking above 1.0715$ would invalidate the downward trend and signal potential gains towards 1.0795$.
Expected Trading Range
Between the support at 1.0580$ and the resistance at 1.0725$
Trend Forecast: Bearish
End of day crude oil price forecast update - 22-04-2024
Crude oil price found solid support at 81.50$ level, to start providing positive trades that hint heading to test the key resistance 83.90$ in the upcoming sessions, supported by RSI positivity, noting that the continuation of the rise and breaching this level will lead the price to attempt to regain the main bullish trend again, while breaking 81.5$ represents the key to extend the correctional bearish wave to reach 79.6$ as a next negative target.
End of day silver price forecast update - 22-04-2024
Silver price faces more negative pressure to reach the thresholds of the waited negative target at 26.90$, and the way seems open to surpass this level and extend the correctional bearish wave on the intraday basis, which urges caution from the upcoming trading, as breaking the mentioned level will push the price towards 26.00$ as a next correctional target, while holding above it will lead the price to recover and test 28.00$ initially.