Crude oil price awaits more rise – Analysis - 13-01-2022
Crude oil price continues to rise within the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting for more bullish bias that targets 84.00 followed by 85.40 levels as next main stations.
Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 81.30 might press on the price to test the key support base 79.80 before any new attempt to rise.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bullish
Silver price hits the target - Analysis - 13-01-2022
Silver price succeeded to achieve our waited target at 23.15 and settles above it now, paving the way to achieve more expected rise on the intraday and short term basis, waiting to test 23.40 level, which breaching it represents the key to rally towards 24.20 as a next positive target.
Therefore, we expect the continuation of the bullish trend domination in the upcoming sessions conditioned by the price stability above 22.85.
The expected trading range for today is between 22.85 support and 23.70 resistance.
The expected trend for today: Bullish
Gold price gets a positive close – Analysis - 13-01-2022
Gold price closed the daily candlestick above 1825.15 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting to get positive motive to assist to push the price towards 1860.00 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to consolidate above 1825.15 will press on the price to decline towards 1797.00 areas again before any new attempt to rise.
The expected trading range for today is between 1810.00 support and 1840.00 resistance.
The expected trend for today: Bullish
The USDCAD keeps declining – Analysis - 13-01-2022
The USDCAD pair continues to decline to reach the thresholds of the waited target at 1.2480, and we suggest breaking this level affected by the head and shoulders’ pattern that appears on the chart to open the way to head towards 1.2370 as a next negative target.
Therefore, the bearish trend will remain dominant on the intraday and short term basis unless the price rallied to breach 1.2625 and hold above it.
The expected trading range for today is between 1.2420 support and 1.2560 resistance.
The expected trend for today: Bearish