The AUDUSD awaits the break – Analysis - 09-06-2022
The AUDUSD pair begins today with new negativity to start pressing on 0.7160 level, waiting to break this level to confirm extending the bearish wave towards 0.7100.
By taking a deeper look at the chart, we find that the price draws double top pattern that supports the chances of achieving more decline in the upcoming period, to continue suggesting the bearish trend unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7110 support and 0.7200 resistance
The expected trend for today: Bearish
Brent oil price achieves strong gains – Analysis - 09-06-2022
Brent oil price soared yesterday to surpass our waited target at 122.70 and settles above 123.00 barrier, reinforcing the expectations of continuing the domination of the bullish trend on the longer term basis, and we expect to head to visit 126.15 as a next main target.
Therefore, the bullish trend will remain dominant in the upcoming period, noting that breaking 121.30 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 121.50 support and 125.50 resistance.
The expected trend for today: Bullish
Crude oil price achieves the extended targets – Analysis - 09-06-2022
Crude oil price rallied upwards strongly yesterday to surpass 119.35 and reach few pips away from our extended target at 121.50, paving the way to achieve more gains on the short term and medium term basis, to head towards visiting 123.40 areas as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 119.35 and holding below it.
The expected trading range for today is between 119.00 support and 123.00 resistance.
The expected trend for today: Bullish
Silver price keeps its positive stability - Analysis - 09-06-2022
Silver price settles above 21.85 level, waiting to resume the bullish wave that targets 22.67 mainly, noting that breaching 22.15 will ease the mission of achieving the mentioned target.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 22.85 and holding with a daily close below it.
The expected trading range for today is between 21.85 support and 22.60 resistance.
The expected trend for today: Bullish