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AUDUSD rebounds from the resistance – Analysis - 22-01-2018
The AUDUSD pair shows some bearish bias after touching the bullish channel’s resistance that appears on the chart, and the price might be forced to visit 0.7936 level before resuming the bullish trend again.
The EMA50 provides continuous positive support to the price, while stochastic shows clear oversold signals, thus, we believe that the chances are valid to continue the main bullish trend that its next main target located at 0.8125, taking into consideration that breaking 0.7936 will stop the expected rise and push the price to decline again.
Expected trading range for today is between 0.7930 support and 0.8100
Expected trend for today: Bullish
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Brent oil tests the neckline – Analysis - 22-01-2018
Brent oil price tested the neckline of the head and shoulders’ pattern that appears on the chart, waiting to break this level at 68.50 to confirm rallying for more bearish correction on the intraday basis, as our next target is located at 66.90.
MoreCrude oil loses momentum – Analysis - 22-01-2018
Crude oil price moves inside the correctional bearish channel that appears on the above chart, noticing that stochastic loses its positive momentum clearly to reach the overbought areas’ thresholds now, which supports the chances of continuing the bearish correction on the intraday basis, reminding you that breaking 62.80 will confirm heading towards 61.50 as a next main station.
MoreSilver gathers the positive momentum – Analysis - 22-01-2018
Silver price continues to fluctuate within sideways track, settling around 17.00, noticing that stochastic gains the positive momentum gradually to approach the oversold areas, waiting to motivate the price to provide positive trades in the upcoming sessions.
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