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AUDUSD retests successfully – Analysis - 21-12-2018
The AUDUSD pair keeps its stability below the neckline of the head and shoulders’ pattern, which keeps this pattern’s effect active until now, supporting the chances of heading towards our main waited target at 0.7020.
Therefore, we are waiting for more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 0.7140 will stop the expected decline and push the price to test 0.7277 areas before any new attempt to decline.
Expected trading range for today is between 0.7020 support and 0.7150
Expected trend for today: Bearish
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Brent oil price continues to decline – Analysis - 21-12-2018
Brent oil price shows more decline to confirm surpassing 55.00 barrier after closing yesterday’s trading below it, which supports the continuation of our bearish overview efficiently in the upcoming period, waiting for more decline to target 53.00 followed by 49.87 levels.
MoreCrude oil settles at the target – Analysis - 21-12-2018
Crude oil price settles below the previously completed bearish flag’s support line, and the price reached the thresholds of our waited target at 45.46, while the EMA50 forms continuous negative pressure agains the price, to support the chances of breaking the mentioned level followed by opening the way to rally towards 40.00 areas that represent our next main station.
MoreSilver price attempts positively – Analysis - 21-12-2018
Silver price breached 14.73 level and settled above it, but we notice that the price faced solid resistance line that connects the recorded tops since last August, which forms negative pressure against the price, allowing us to suggest resuming the negative trades in the upcoming sessions, especially that stochastic provides clear negative signals now.
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