Crude oil price begins bearish correction – Analysis - 21-01-2022
Crude oil price broke the bullish channel’s support line strongly and heads to achieve bearish correction for the rise that started from 62.40 areas, targeting testing 81.25 as a first station, noting that breaking this level will extend the correctional bearish wave to reach 77.65.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless the price managed to breach 85.15 and hold above it.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bearish
Silver price surpasses the resistance - Analysis - 21-01-2022
Silver price succeeded to breach 24.20 to build support base above it, which supports the continuation of the bullish trend scenario efficiently for the upcoming period, paving the way to head towards 25.05 as a next positive target.
The EMA50 continues to support the suggested bullish wave, noting that holding above 24.20 is important to continue the suggested positive scenario.
The expected trading range for today is between 24.10 support and 24.90 resistance.
The expected trend for today: Bullish
Gold price gathers the positive momentum – Analysis - 21-01-2022
Gold price fluctuates within sideways track since yesterday, noticing that stochastic gets rid of its negativity to gain the positive momentum gradually, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 1860.00 as a next main station.
Therefore, the positive scenario will remain valid and active for the upcoming period supported by the EMA50, reminding you that it is important to hold above 1825.15 to continue the expected rise.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
The USDCAD faces solid support – Analysis - 21-01-2022
The USDCAD pair attempted to break 1.2480 level again that keeps forming solid support against the price, to rebound upwards and test the EMA50, as it forms solid resistance against the price, accompanied by stochastic loss to the positive momentum clearly.
Therefore, we believe that the chances valid to resume the negative trading that its targets begin by breaking 1.2480 to open the way to head towards 1.2370, reminding you that it is important to hold below 1.2590 to continue the expected decline.
The expected trading range for today is between 1.2440 support and 1.2590 resistance.
The expected trend for today: Bearish