Crude oil price hits the target – Analysis - 27-05-2022
Crude oil price rallied upwards strongly to succeed achieving our waited target at 113.70 and settles around it, noticing that the recent trades are confined within bullish flag pattern that appears on the minor image, thus, breaching the mentioned level will provide good positive motive that will push the price to achieve additional gains that reach 117.00 followed by 119.35.
Therefore, we expect to witness more rise in the upcoming sessions, taking into consideration that failing to breach 113.70 will press on the price to rebound bearishly and head to visit 109.14 areas again before any new attempt to rise.
The expected trading range for today is between 111.50 support and 117.00 resistance.
The expected trend for today: Bullish
Silver price resumes the rise - Analysis - 27-05-2022
Silver price shows calm positive trades to move away from 21.83 level, reinforcing the expectations of continuing the bullish trend, and we believe that the way is open to head towards our main target at 22.67.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 21.83 and the most important above 21.60.
The expected trading range for today is between 21.80 support and 22.60 resistance.
The expected trend for today: Bullish
Gold price keeps its positive stability – Analysis - 27-05-2022
Gold price ended yesterday above 1850.00 level, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to resume the bullish wave that targets 1890.00 as a next main station.
The price might witness some sideways fluctuation until managing to gather enough positive momentum to push trades to rise again, reminding you that the continuation of the expected rise depends on the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bullish
The USDCAD attacks the support – Analysis - 27-05-2022
The USDCAD pair succeeded to achieve our waited target at 1.2770, and begins today with clear negativity to attack this level and move below it now, reinforcing the expectations of extending the correctional bearish wave, on its way to visit 1.2695 as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, taking into consideration that holding below 1.2770 represents initial condition to continue the expected decline.
The expected trading range for today is between 1.2670 support and 1.2800 resistance.
The expected trend for today: Bearish