Crude oil price awaits the breach – Analysis - 15-09-2021
Crude oil price provided temporary negative trades yesterday to lean on 70.00 barrier and rebounds bullishly to test 71.05 level again, to keep the bullish trend scenario valid and active for the upcoming period, waiting to breach the mentioned level to confirm opening the way to head towards our next positive target at 73.30.
The EMA50 continues to support the expected bullish trend, which will remain valid unless breaking 69.25 level and holding below it.
The expected trading range for today is between 69.50 support and 72.50 resistance.
The expected trend for today: Bullish
Silver price retests the broken neckline - Analysis - 15-09-2021
Silver price retested the broken neckline of the head and shoulders’ pattern and still below it, to keep the negative effect of this pattern active, waiting to resume the bearish trend that targets 22.90 as a next main station.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid unless breaching 23.80 – 23.95 levels and holding above them.
The expected trading range for today is between 23.20 support and 24.00 resistance.
The expected trend for today: Bearish
Gold price breaches the resistance – Analysis - 15-09-2021
Gold price breached 1797.00 level clearly and ended yesterday above it, which leads the price to turn to rise and achieve expected gains on the intraday basis, on its way to visit 1825.15 initially.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1797.00 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bullish
The USDCAD rebounds from the first target – Analysis - 15-09-2021
The USDCAD pair touched our first waited target at 1.2600 yesterday and bounced upwards strongly to test 1.2700 barrier, noticing that stochastic lost its positive momentum clearly, to support the chances of resuming the expected bearish trend for the upcoming period, which its targets extend to reach 1.2495.
Therefore, the negative scenario will remain valid and active unless we witnessed clear breach to 1.2720 and hold with a daily close above it.
The expected trading range for today is between 1.2620 support and 1.2750 resistance.
The expected trend for today: Bearish