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AUDUSD tests the moving average – Analysis - 06-03-2018
The AUDUSD pair provides some positive trading to test the EMA50 now, accompanied by stochastic reach to the overbought areas now, forming negative factor that we are waiting to push the price to resume the bearish bias again, as the bearish trend still valid until now, depending on the stability below 0.7818 level.
our first target is represented by breaking 0.7743 level to confirm opening the way to head towards 0.7650, noting that breaching 0.7818 will turn the intraday and short term track to rise, to target areas that start at 0.7893 and extend to 0.7986.
Expected trading range for today is between 0.7700 support and 0.7850
Expected trend for today: Bearish
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Brent oil heads towards the second target – Analysis - 06-03-2018
Brent oil price managed to breach 65.40 level and closed the daily candlestick above it, which adds more confirmation to the continuation of the bullish trend on the intraday and short term basis, waiting to visit 66.54 level as a next target, which breaching it represents the key to head towards 67.68 direct.
MoreCrude oil breaches the first target – Analysis - 06-03-2018
Crude oil price succeeded to touch our first waited target at 62.65 and moves above it now, which supports the continuation of our bulilhs overview efficiently on the intraday and short term basis, paving the way to head towards our next target that reaches 64.20.
MoreSilver tests the support again – Analysis - 06-03-2018
Silver price continues to fluctuate at the bullish trend line that appears on the chart, getting positive signals through stochastic, to keep the expected bullish trend valid as it is without any change, waiting to breach 16.65 level to ease the mission of heading towards our next target at 17.43.
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