The pair continued its corrective upward trading, reaching the resistance level at 211.20 and settling below it. We highlight the importance of monitoring price action at this stage and waiting for the close of the next four-hour candle to confirm the expected direction for the upcoming trading sessions.
Continued trading below the current resistance would increase the chances of renewed bearish attempts, with initial targets at 210.30 and 209.60, breaking above the resistance and holding there would give the pair an opportunity to launch a fresh bullish move, initially targeting 212.00 and 212.65.
The expected trading range for today is between 210.30 and 211.40
Despite forming some bullish corrective wave by platinum price recently and its stability near $1650.00, it will not affect the main bearish trend, which depends on the stability of the resistance at $1825.00 besides forming a key obstacle at $1740.00 against the current trading.
All that makes us wait for gathering negative momentum to renew the pressure on $1595.00 barrier, where breaking it will make the price resume the bearish trend to target $1555.00 and $1510.00 level.
The expected trading range for today is between $1600.00 and $1695.00
Trend forecast: Fluctuating within the bearish trend
The pair has maintained its stability below the additional resistance barrier at 177.80, reaffirming its commitment to the previously suggested bearish scenario. The current sideways movement reflects continued conflicting signals from the main technical indicators. We therefore await further negative momentum to help the pair resume its bearish waves, targeting 176.35 and 175.75.
Conversely, a break above the current barrier and sustained trading above it would give the pair an opportunity to recover further losses, by rising gradually toward 178.60 and 179.40.
The expected trading range for today is between 176.35 and 177.80
In technical market analysis, tracking Elliott Wave structures step-by-step allows traders to stay aligned with the primary trend direction while managing risk effectively. Today, we review a recent forecast for Silver ($XAGUSD), comparing our 4-hour forecast from late September 2026 against the price action through mid-October 2026.
The Forecast: 09.24.2026
In our 09.24.2026 4-hour update, Silver was trading near 63.73 after completing a peak at the major wave (X). At the time, the Elliott Wave structure favored a bearish outlook while remaining below the key invalidation level at 71.122. The forecast called for the completion of the remaining sub-waves (iii), (iv), and (v) of ((c)), which were expected to drive price lower into the 60.414 – 58.538 target zone and complete the larger wave W. From there, a corrective wave X bounce was anticipated before Silver resumed the broader bearish sequence and continued lower. See chart below.
The Outcome: 10.14.2026
As anticipated in our October 14, 2026 4-hour update, $XAGUSD respected the invalidation level and followed the projected bearish path. Silver accelerated sharply to the downside, breaking well below the initial 60.41 – 58.53 target zone and invalidating nearby support levels along the way. The decline continued to unfold through the lower-degree waves, reinforcing the bearish momentum. Price has since extended toward the 55.56 area, confirming the strength of the downtrend while remaining firmly below the updated invalidation level at 71.141, keeping the broader bearish outlook intact. See chart below
Note: Certain labels have been intentionally concealed to protect the exclusivity of our members.
Key Takeaways for Traders
One of the key lessons from this analysis was the importance of staying aligned with the prevailing trend. By maintaining a bearish outlook while price remained below the 71.122 – 71.141 invalidation zone, traders were able to stay on the right side of the market throughout the sharp decline. Equally important was the disciplined focus on Elliott Wave structure rather than attempting to predict every short-term fluctuation. Despite several intermediate consolidations, the wave count continued to provide clear downside objectives, well-defined risk parameters, and a reliable roadmap for navigating the bearish sequence.
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Political turmoil in Europe, and France in particular, is continuing to trouble traders, Reuters reported on Monday. France’s 10-year bond yield approached 5% this month, hitting its highest level since 2002. As of the end of the second quarter, public debt was 119% of France’s GDP. The ECB and euro zone finance ministers have urged France to pass its budget for 2027 in a bid to calm bond markets. Because France is going through an excessive deficit procedure, it is not eligible for the ECB’s tools to stabilize financial markets.
Pound: Jobs Data Back the Hike Case
According to data released this morning by the Office for National Statistics, UK unemployment for the period between June and August was 4.7%. That is the lowest it has been in a year. While payroll employees did increase, by about 13,000 in September, they are still down about 66,000 on the year. There were other weaker indicators. Vacancies dropped to 691,000, the lowest since 2021, during the pandemic, and total pay growth for the same period slowed to 3.7% from 3.9%. With pay still growing faster than inflation, real wages are still rising, which should support the case for a November rate hike. Wednesday’s CPI should show if inflation has kept increasing.
Coffee prices resumed the previously suggested bullish move, finding support above the 55-period moving average, positioned near 300.50. This has given prices room to extend their gains, reaching 317.30.
Sustained positive momentum could strengthen the bullish trend, with prices expected to challenge the resistance barrier near 320.50 soon. A break above this level would pave the way for an immediate advance toward the next major target at 329.70.
The expected trading range for today is between 307.50 and 320.50
The EURUSD pair declined in its latest intraday trading, attempting to find a higher low that could serve as a base for regaining the positive momentum needed to resume its recovery. Leaning on EMA50’s support, while the relative strength indicators reached deeply oversold territory relative to the pair’s price action. This increases the likelihood of a recovery in the near term, affected by breaching a main short-term bearish trend line.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
The Pound to US Dollar (GBP/USD) exchange rate made little headway at the start of the week, with investors reluctant to take significant positions ahead of several important UK economic releases.
At the time of writing, GBP/USD was trading at approximately $1.3321, broadly unchanged from Monday’s opening levels.
Sterling struggled to find a clear direction on Monday as investors looked ahead to a busy week for UK economic data.
Tuesday’s labour market report and Wednesday’s inflation figures are expected to be particularly important, with both likely to influence expectations for the Bank of England’s (BoE) next interest rate decision.
As the final employment and consumer price index (CPI) readings before November’s policy meeting, the figures could help determine whether the BoE delivers another 25-basis-point rate increase next month.
Evidence of persistent inflation or resilient wage growth would strengthen the case for further tightening, while signs that the economy is cooling could make policymakers more reluctant to raise borrowing costs.
With the outlook finely balanced, Sterling traders appeared unwilling to make significant moves ahead of the releases.
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The US Dollar (USD), meanwhile, faced some pressure on Monday as continued concerns over the recent sell-off in artificial intelligence (AI) stocks weighed on sentiment towards US assets.
Investors have become increasingly concerned about whether the enormous sums being invested in AI infrastructure will generate sufficient returns.
Questions have also emerged over how heavily indebted data-centre operators will finance their expansion plans, particularly if borrowing costs remain elevated.
The uncertainty has added to doubts over whether the Federal Reserve will continue raising interest rates.
Some investors believe further tightening could put additional strain on the technology sector, which has become an increasingly important source of investment and growth in the US economy.
These concerns helped limit demand for the Dollar, although the currency avoided more substantial losses.
Near-Term GBP/USD Forecast: UK Jobs Data Could Test Sterling’s Recovery
Tuesday’s UK employment figures could provide the first major test for the Pound to US Dollar exchange rate this week.
Economists expect the latest report to show unemployment increased again in the three months to August, while wage growth is forecast to have slowed.
A weaker labour market would reduce pressure on the Bank of England to raise interest rates in November, potentially leaving Sterling vulnerable to renewed selling.
However, stronger-than-expected employment or earnings figures could reinforce expectations of another rate increase and help GBP/USD build on its recent recovery.
Across the Atlantic, the latest weekly ADP employment figures may also influence trading.
Evidence of continued resilience in US private-sector hiring could offer the Dollar some support by strengthening expectations that the Federal Reserve has room to maintain a restrictive policy stance.
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Dak Nong continues to have the highest purchase prices, while Lam Dong is at the lower end of the price list. This article was prepared on the evening of October 19th for October 20th, 2026, when the international market is still trading and the new harvest in Vietnam has begun.
Illustration
Purchase prices increased slightly on October 19th.
Compared to last weekend, coffee prices in all four growing regions increased by 200 VND/kg on October 19th. Dak Lak and Gia Lai had the same purchase price of 93,000 VND/kg, 200 VND/kg lower than Dak Nong.
The difference between the highest and lowest prices is 900 VND/kg. The average price index published in the tracking table reached 93,100 VND/kg; this is the source index, not the arithmetic average of the four local prices in the table.
The increase of 200 VND/kg was on October 19th and does not yet reflect transactions on October 20th.
International prices rose during the session, but are not yet at closing levels.
At the latest update on the evening of October 19th (Vietnam time), the reference prices for both Robusta and Arabica were higher than the previous session’s levels on the same tracking chart.
Market, contract
Prices quoted during the October 19th trading session.
Prices may change according to the price list.
Robusta London, November 2026 — RCX6
3,463 USD/ton
+41 USD/ton, equivalent to +1.20%
Arabica New York, December 2026 — KCZ6
310.72 cents/lb
+5.12 cents/lb, equivalent to +1.68%
The figures above are reference prices while the trading session is in progress. Changes are calculated based on the previous session’s price from the same price list, not combined with closing prices from other sources.
Forecast for October 20th: Two exchanges provide support, new crop supply needs monitoring.
If the upward trend in the international market continues until the end of the session, domestic purchase prices on October 20th may receive further support. However, the closing price is not enough to confirm that the domestic market will rise immediately at the start of the new day.
The harvest in Vietnam has begun, gradually replenishing the market supply. As sales increase, the upward price trend may face resistance, especially if businesses are slow to buy. Therefore, developments at the end of the international trading session and actual purchasing demand need to be monitored together.
