Crude oil price needs the positive momentum – Analysis - 25-05-2022
Crude oil price provides new positive trades after testing 109.14 level again in the previous sessions, getting good positive support by the EMA50, waiting for more expected rise in the upcoming sessions, reminding you that our main expected target reaches 113.70.
Holding above 109.14 is important to continue the suggested bullish wave, as breaking it will press on the price to turn to decline and suffer losses that start by visiting 107.00 followed by 104.60 areas.
The expected trading range for today is between 108.50 support and 113.70 resistance.
The expected trend for today: Bullish
Silver price attempts positively - Analysis - 25-05-2022
Silver price settles around 22.00 level, waiting to get positive motive that assist to push the price to continue the rise that targets 22.67 as a next main station, reminding you that the price is affected by the inverted head and shoulders’ pattern that has positive targets that surpass the mentioned level.
The EMA50 supports the expected rise, which will remain valid as long as 21.65 level remains intact.
The expected trading range for today is between 21.75 support and 22.50 resistance.
The expected trend for today: Bullish
Gold price resumes the rise – Analysis - 25-05-2022
Gold price rises calmly, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below, waiting to test 1890.00 that represents our next main target.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1845.00 support and 1885.00 resistance.
The expected trend for today: Bullish
The USDCAD keeps its negative stability – Analysis - 25-05-2022
The USDCAD pair tested 1.2840 level yesterday and attempted to breach it, but it keeps its stability below it until now, as the EMA50 meets this resistance to protect the recently suggested negative scenario, waiting to resume the bearish bias to visit 1.2770 initially.
Therefore, our bearish overview will remain valid conditioned by the price stability below 1.2840, reminding you that surpassing the mentioned target will push the price to 1.2695 as a next correctional station.
The expected trading range for today is between 1.2750 support and 1.2870 resistance.
The expected trend for today: Bearish