The AUDUSD attempts positively – Analysis - 11-01-2022
The AUDUSD pair shows positive trades to approach 0.7205 level again, and the EMA50 forms continuous negative pressure against the price, to support the continuation of the expected bearish trend on the intraday and short term basis, which targets testing 0.7125 level initially.
On the other hand, we should note that breaching 0.7205 will stop the expected decline and lead the price to achieve more bullish correction.
The expected trading range for today is between 0.7125 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price presses on the support – Analysis - 11-01-2022
Brent oil price attempted to break 80.80 but it keeps its stability above it until now, to keep the bullish trend scenario valid and active until now, supported by stochastic positivity, waiting to head towards 84.55 that represents our next main station.
The EMA50 supports the expected rise, which depends on the price stability above 80.80.
The expected trading range for today is between 79.80 support and 82.50 resistance.
The expected trend for today: Bullish
Crude oil price faces intraday negative pressure – Analysis - 11-01-2022
Crude oil price provided clear negative trades yesterday and attacked the bullish channel’s support line, but we notice that the recent decline confined inside bullish flag pattern, and the price breaches this pattern’s resistance now, to provide positive signals to head to resume the main bullish trend, and we need to breach 79.80 to confirm the continuation of the rise towards 81.75 as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 78.00 and holding below it.
The expected trading range for today is between 77.50 support and 80.40 resistance.
The expected trend for today: Bullish
Silver price retests the neckline - Analysis - 11-01-2022
Silver price continues to rise to retest the broken neckline of the triple top pattern at 22.60, and the EMA50 meets this resistance to add more strength to it and keeps the chances valid to continue the expected negative scenario for the upcoming period, waiting to head towards 22.00 initially.
Note that breaching 22.60 will lead the price to achieve more gains and head to test 23.15 areas mainly.
The expected trading range for today is between 22.00 support and 22.75 resistance.
The expected trend for today: Bearish