The AUDUSD attempts to recover – Analysis - 20-01-2021
The AUDUSD pair shows positive trades and tests the EMA50 now, and it might retest the broken support of the bullish channel that turns into resistance now at 0.7760 before turning back to decline again.
Until now, the correctional bearish trend scenario still valid unless breaching the mentioned resistance and holding above it, noting that the first expected target is located at 0.7665.
The expected trading range for today is between 0.7650 support and 0.7760
The expected trend for today: Bearish
Brent oil price resumes the bullish track – Analysis - 20-01-2021
Brent oil price breached 55.45 level clearly and settled inside the bullish channel again, to start today with new bullish bias and confirms regaining the main bullish trend, on its way to achieve positive targets that start at 57.40 and extend to 60.00.
Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50, noting that the continuation of the bullish wave conditions holding above 55.55.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bullish
Crude oil price cancels the negative pattern – Analysis - 20-01-2021
Crude oil price traded with strong positivity to confirm breaching 52.30 level and cancels the negative pattern mentioned in our previous reports, which opens the way to resume the main bullish trend within the bullish channel that appears on the chart, waiting to breach 53.90 to confirm opening the way to achieve positive targets that start at 54.60 and extend to 57.34.
Therefore, the bullish trend will be suggested for the upcoming period unless breaking 52.15 level and holding below it.
The expected trading range for today is between 52.00 support and 55.00 resistance.
The expected trend for today: Bullish
Silver price tests the resistance – Analysis - 20-01-2021
Silver price continues to fluctuate at 25.50 level and keeps its stability below it, as the EMA50 meets this resistance to add more strength to it, which supports the chances of bouncing bearishly to resume the correctional bearish trend, which its next target located at 22.87.
Therefore, our bearish overview will remain valid and active unless breaching 25.50 level and holding with a daily close above it.
The expected trading range for today is between 24.70 support and 25.80 resistance.
The expected trend for today: Bearish