Crude oil price begins bullish wave – Analysis - 25-11-2022
Crude oil price ended yesterday positively to surpass the sideways range’s resistance that dominated the recent trades, to hint the beginning of bullish wave on the intraday basis, targeting visiting the bearish channel’s resistance line that appears on the chart, located at 82.60.
Therefore, we expect to witness more rise in the upcoming sessions, taking into consideration that breaking 78.00 and holding below it will stop the suggested positive scenario and press on the price to resume the main bearish trend again.
The expected trading range for today is between 77.00 support and 80.50 resistance.
The expected trend for today: Bullish
Silver price gets a positive signal - Analysis - 25-11-2022
Silver price keeps its stability above 21.30, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, waiting to visit 22.24 mainly.
Holding above 21.30 is important to continue the suggested rise, as breaking it will press on the price to turn to decline and head to test 20.72 areas initially.
The expected trading range for today is between 21.20 support and 22.00 resistance.
The expected trend for today: Bullish
Gold price begins with new positivity – Analysis - 25-11-2022
Gold price opens today’s trading positively to approach our first waited target at 1765.00, getting continuous support by the EMA50, waiting to breach the mentioned level to confirm extending the bullish wave towards 1786.50.
Therefore, the bullish trend scenario will remain valid for the upcoming period, noting that breaking 1746.40 will stop the suggested rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bullish
The USDCAD within tight track – Analysis - 25-11-2022
The USDCAD pair didn’t show any strong move since yesterday, to remain stable below 1.3350 level, thus, our bearish overview will remain valid and active for the upcoming period, as the price completed forming double top pattern that has negative targets that reach 1.3205.
The EMA50 supports the expected decline, which will remain valid unless breaching 1.3350 and holding above it.
The expected trading range for today is between 1.3250 support and 1.3400 resistance.
The expected trend for today: Bearish