|
AUDUSD touches the first target – Analysis - 29-03-2018
The AUDUSD pair settles at our first waited target at 0.7650, and the price falls under continuous negative pressure coming by the EMA50, which keeps the chances valid to continue the bearish trend in the upcoming period, noting that breaking the mentioned level will push the price towards 0.7500 as a next main station.
Therefore, the bearish trend will remain suggested on the intraday and short term basis unless breaching 0.7743 level and holding above it.
Expected trading range for today is between 0.7570 support and 0.7720
Expected trend for today: Bearish
Thanks for your feedback.
Brent oil tests the key support – Analysis - 29-03-2018
Brent oil price provided clear negative trading yesterday and attempted to break 69.09 level, but we notice that the EMA50 managed to protect the price from suffering more losses, to push trading above the mentioned level again, to keep the bullish trend scenario valid until now, supported by stochastic positivity.
MoreCrude oil keeps the support base – Analysis - 29-03-2018
Crude oil price kept its stability above 64.20 after attempting to break it yesterday, to keep the bullish trend valid and active for the upcoming period, as the EMA50 meets the mentioned level to add more strength to it, while stochastic heads upwards on the four hours’ time frame.
MoreSilver breaks the support – Analysis - 29-03-2018
Silver price showed clear break to 16.45 level and settled below it, to continue moving within sideways track as appears on the above chart, which makes us suggest witnessing more sideways trading until the price manages to surpass one of this range’s lines represented by 16.15 support and 16.80 resistance.
More