AUDUSD completes positive pattern – Analysis - 18-02-2019
The AUDUSD pair breached 0.7135 level clearly and settled above it, to complete forming bullish pattern that we expect to push the price to test 0.7220 level initially, which turns the intraday track to rise, noting that the extended target reaches 0.7300.
Therefore, the bullish bias will be suggested for today unless breaking 0.7135 level and holding below it again.
The expected trading range for today is between 0.7100 support and 0.7220
The expected trend for today: Bullish
Brent oil price achieves strong gains – Analysis - 18-02-2019
Brent oil price traded with strong positivity on last Friday to approach 67.00 barrier, which supports the continuation of our bullish overview efficiently in the upcoming period, as the price is affected by the previously completed inverted head and shoulders’ pattern, which targets 68.00 followed by 72.65 levels as next main stations.
The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 63.95. and 63.10 levels.
The expected trading range for today is between 65.00 support and 68.00 resistance.
The expected trend for today: Bullish
Crude oil approaches the first target – Analysis - 18-02-2019
Crude oil price keeps rising gradually and keeps its stability above 56.00 level, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below.
Therefore, we believe that the way is open to achieve more rise in the upcoming sessions, as our next target is located at 57.46, which breaching it represents the key to rally towards 65.00 on the near term basis, while holding above 54.50 represents major condition to achieve the waited targets.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bullish
Silver price recovers – Analysis - 18-02-2019
Silver price breached 15.75 level and settled above it, to turn to rise on the intraday basis, targeting testing 61.8% Fibonacci correction level at 16.00 again.
Therefore, the bullish bias will be suggested for today, noting that breaching the targeted level will extend silver price gains to reach 16.50 as a next station, while breaking 15.62 will stop the bullish wave and press on the price to decline again.
The expected trading range for today is between 15.60 support and 16.00 resistance.
The expected trend for today: Bullish