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AUDUSD at the first target – Analysis - 01-08-2016
The AUDUSD pair managed to touch our first main waited target at 0.7595 and settles around it, noticing that the EMA50 keeps supporting the price from below, to reinforce the chances of continuing the bullish trend inside the minor bullish channel that appears on chart.
Therefore, we believe that the chances are valid to confirm breaching the mentioned level followed by opening the way to visit the main bearish channel's resistance at 0.7750, reminding you that holding above 0.7448 level represents key condition to the continuation of the suggested bullish trend.
Expected trading range for today is between 0.7500 support and 0.7700
Expected trend for today: Bullish
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Brent Oil is stuck again – Analysis - 01-08-2016
Brent oil price could not manage to hold for long time below 43.00 level to close last week above it, to stuck again between the key levels represented by the mentioned level that forms key support now and 43.85 resistance, which makes us return for neutrality until the price confirms breaching one of these levels followed by detecting the next destination clearly.
MoreCrude Oil retests – Analysis - 01-08-2016
Crude oil price is retesting the previously broken 38.2% Fibonacci level that turns into key resistance at 41.87, accompanied by stochastic reach to the overbought areas, besides the continuous negative pressure provided by the EMA50.
MoreSilver begins positively – Analysis - 01-08-2016
Silver price opens today's trading with clear positivity to approach gradually from our first main waited target at 21.12, supported by the EMA50, to keep our bullish overview valid and active for the upcoming period, waiting to surpass the mentioned level to confirm extending the bullish wave towards 22.00 followed by 22.40 areas.
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