The AUDUSD awaits more decline – Analysis - 20-09-2022
The AUDUSD pair finds difficulty to confirm breaking 0.6700 level, to trade with new positivity and test the key resistance 0.6730, noticing that the EMA50 forms continuous negative pressure against the price, to support the chances of continuing the main bearish trend, which its next target reaches 0.6610.
Until now, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.6730 and holding above it.
The expected trading range for today is between 0.6660 support and 0.6760 resistance
The expected trend for today: Bearish
Brent oil price achieves intraday gains – Analysis - 20-09-2022
Brent oil price reached 89.00 barrier and bounced upwards strongly to approach the key resistance 93.30, and the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to resume the bearish that its negative targets extend to reach 88.35, noting that breaching 93.30 will lead the price to achieve additional gains that reach 94.95 before any new attempt to decline.
The expected trading range for today is between 90.20 support and 94.00 resistance.
The expected trend for today: Bearish
Crude oil price is recovering – Analysis - 20-09-2022
Crude oil price bounced upwards clearly after reaching 81.70 areas yesterday, to surpass the minor bearish channel’s resistance and head towards achieving expected gains in the upcoming sessions, as we expect to target 87.30 followed by 89.00 levels as main positive stations.
Therefore, the bullish bias will be suggested for today, noting that breaking 84.10 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 84.00 support and 87.30 resistance.
The expected trend for today: Bullish
Silver price is affected by the positive momentum - Analysis - 20-09-2022
Silver price shows new positive trades to test the key resistance 19.60, and the price needs to consolidate below this level to keep the bearish trend scenario active, as breaching it will lead the price for key turn to the trend to the upside.
Until now, we continue to suggest the bearish trend unless breaching 19.60 and holding above it, noting that our targets begin by breaking 19.20 to open the way to head towards 18.80.
The expected trading range for today is between 19.00 support and 19.70 resistance.
The expected trend for today: Bearish