Crude oil price awaits more decline – Analysis - 23-09-2022
Economies.com
2022-09-23 04:05AM UTC
Crude oil price bounced downwards clearly after testing the intraday bearish channel’s resistance that appears on the chart, to resume the bearish wave that its targets begin at 82.00 and extend to 80.00 after surpassing the previous level.
Therefore, the bearish trend scenario will remain valid and active, supported by the negative pressure formed by the EMA50, noting that breaching 85.40 will push the price to achieve intraday gains that reach 89.35 before any new attempt to decline.
The expected trading range for today is between 80.70 support and 84.95 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...