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AUDUSD breaches the resistance – Analysis - 08-03-2018
The AUDUSD pair surpassed 0.7818 level and closed the daily candlestick above it, to open the way to start attempts to regain the main bullish trend, targeting testing 0.7893 followed by 0.7986 levels as next main stations.
Therefore, the bullish trend will be suggested in the upcoming sessions unless we witnessed new break and hold below 0.7818 level.
Expected trading range for today is between 0.7765 support and 0.7900
Expected trend for today: Bullish
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Brent oil tests the critical support – Analysis - 08-03-2018
Brent oil price traded with strong negativity on yesterday’s evening to test the key support 64.00, and as we mentioned in our recent reports, holding above this level keeps the overall bullish trend scenario valid, as breaking it will force the price to visit 61.71 areas on the near term basis.
MoreCrude oil suffers sharp losses – Analysis - 08-03-2018
Crude oil price’s decline stopped at the bullish channel’s support line that appears on the above chart, showing recovery attempts now after leaning on the mentioned support, which is located now at 60.70, but it faces solid resistance at 61.40, noticing that stochastic positivity contradicts the EMA50 negativity, thus, we prefer staying aside until the price confirms breaching one of the mentioned levels to detect its next destination clearly.
MoreSilver tests the support again – Analysis - 08-03-2018
Silver price made new test to the bullish trend line at 16.35 and keeps its stability above it, which keeps our bullish overview valid until now, as we are waiting to rally towards our next target at 17.43, reminding you that holding above 16.35 represents key condition to continue the suggested bullish wave.
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