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The AUDUSD approaches the target – Analysis - 23-02-2023
The AUDUSD pair provided additional negative trades to reach the thresholds of the waited target at 0.6780, showing some temporary bullish bias affected by stochastic positivity, which begins to lose the positive momentum gradually, waiting to motivate the price to resume the correctional bearish wave that its next target reaches 0.6665.
Therefore, we will continue to suggest the bearish trend for the upcoming period, organized inside the bearish channel that appears on the chart, noting that breaching 0.6925 will stop the bearish wave and lead the price to regain the main bullish trend again.
The expected trading range for today is between 0.6760 support and 0.6885 resistance
The expected trend for today: Bearish
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Brent oil price surpasses the target – Analysis - 23-02-2023
Brent oil price declined strongly and succeeded to achieve our waited targe tat 81.30, noticing that the price broke this level and closed the daily candlestick below it, to open the way to continue the decline and achieve additional negative targets that reach 79.55 followed by 78.35.
MoreCrude oil price keeps achieving the negative targets – Analysis - 23-02-2023
Crude oil price traded with strong negativity yesterday to succeed achieving our second waited target at 74.35, and we notice that the price surpassed this level to settle below it, reinforcing the expectations of continuing the domination of the bearish trend in the upcoming sessions, waiting to head towards 70.30 as a next main target.
MoreSilver price faces negative pressure - Analysis - 23-02-2023
Silver price bounced bearishly after approaching the waited target at 22.13, to reach the thresholds of the key support 21.40, to stuck within sideways track between these levels, and we suggest witnessing sideways trades between the mentioned levels in the upcoming sessions until the price manages to surpass one of them followed by detecting its next targets clearly.
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