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The AUDUSD awaits the confirmation signal – Analysis - 13-09-2019
The AUDUSD pair continues to fluctuate at the bearish channel’s resistance, facing contradiction between the positivity of moving above the EMA50 and stochastic negativity, which makes us continue with our neutrality until we get clearer signal for the next trend, which we will get through breaching 0.6885 resistance or breaking 0.6830 support.
We remind you that breaching the mentioned resistance will push the price to exit the bearish channel and start correctional bullish wave that its targets begin at 0.7020, while breaking the support will press on the price to continue the main bearish trend that its next target located at 0.6670.
The expected trading range for today is between 0.6830 support and 0.6920
The expected trend for today: Neutral
Brent oil price breaks the support – Analysis - 13-09-2019
Brent oil price broke 59.93 level strongly and closed the daily candlestick below it, to confirm turning to decline, expecting to head to target 57.85 followed by 56.23 levels as next main stations.
MoreCrude oil price hits the first target – Analysis - 13-09-2019
Crude oil price settles at 50% Fibonacci correction level at 54.60, and the price faces negative pressure that makes us suggest breaking the mentioned level and extend the bearish wave on the short term basis, noting that confirming breaking 54.60 followed by 53.90 levels will push the price to 51.80 as a next main station.
MoreSilver price settles at the support – Analysis - 13-09-2019
Silver price continues to fluctuate at the main bullish channel’s support line that appears on the chart and consolidates above it, accompanied by stochastic approach to provide positive overlapping signal on the four hours’ time frame, which forms positive motive that we expect to push the price to rise in the upcoming sessions and resume trading inside the mentioned bullish channel.
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