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AUDUSD surpasses the first target – Analysis - 27-12-2017

Economies.com
2017-12-27 05:09AM UTC

The AUDUSD pair succeeded to breach 0.7727 level and settled above it, to start today with bullish bias on its way towards our next target at 0.7820, supported by the EMA50 that carries the price from below.

 

Therefore, the bullish trend will remain suggested in the upcoming sessions, noting that breaking 0.7727 might force the price to visit 0.7633 level before any new positive attempt.

 

Expected trading range for today is between 0.7680 support and 0.7820

 

Expected trend for today: Bullish

Brent oil reaches the target – Analysis - 27-12-2017

Economies.com
2017-12-27 05:09AM UTC

Brent oil price succeeded to reach our main waited target at 67.15, coming few pips away from this level, as it recorded 67.08 level as yesterday's high, showing some bearish bias affected by the strength of the main bullish channel that appears on the above chart, besides stochastic negativity, to retest the previously breached top that turns into support now at 65.80.

 

Holding above the last level keeps the chances valid to continue the bullish trend in the upcoming period, supported by the EMA50, waiting to breach 67.15 level to extend the bullish wave towards 70.00, noting that breaking 65.80 will push the price to start bearish correction that targets 65.15 and might extend to 63.95 areas before any new attempt to rise.

 

Expected trading range for today is between 65.15 support and 68.00 resistance.

 

Expected trend for today: Bullish

Crude oil confirms the breach – Analysis - 27-12-2017

Economies.com
2017-12-27 05:08AM UTC

Crude oil price confirmed breaching 59.00 level after closing yesterday's trades above it, to confirm the continuation of the bullish wave inside the bullish channel that appears on the chart, supported by the EMA50, as it touched our next target at 60.00, waiting to breach this level to head towards the next station that reaches 62.20.

 

Therefore, we believe that the chances are valid to continue rising in the upcoming period, noting that breaking 59.00 will stop the suggested bullish wave and push the price to visit 57.15 areas before any new attempt to rise.

 

Expected trading range for today is between 59.00 support and 62.00 resistance.

 

Expected trend for today: Bullish

Silver tests the key resistance – Analysis - 27-12-2017

Economies.com
2017-12-27 05:08AM UTC

Silver price continued to rise to test the most important resistance at 16.56, keeping its stability below it until now, as the EMA50 forms negative pressure in attempt to protect the recently suggested negative scenario, besides stochastic move inside the overbought areas.

 

Therefore, we will keep our bearish overview unless the price managed to breach 16.56 level and hold with a daily close above it, reminding you that our main waited target is located at 15.49.

 

Expected trading range for today is between 16.30 support and 16.60 resistance.

 

Expected trend for today: Bearish