The AUDUSD breaks the support – Analysis - 22-06-2022
The AUDUSD pair opens today’s trading with clear negativity to attack 0.6930 level and attempts to hold below it, which puts the price under expected negative pressure in the upcoming sessions, targeting visiting the previously recorded low at 0.6830 mainly.
Therefore, the bearish bias will be suggested for today unless breaching 0.6930 followed by 0.6995 levels and holding above them.
The expected trading range for today is between 0.6860 support and 0.6960 resistance
The expected trend for today: Bearish
Brent oil price breaks the support – Analysis - 22-06-2022
Brent oil price declined strongly to break 110.10 level and settles below it, which stops the recently suggested positive scenario and press on the price to turn to decline, to head towards 105.05 areas mainly.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 110.10 and hold above it again.
The expected trading range for today is between 105.50 support and 111.00 resistance.
The expected trend for today: Bearish
Crude oil price suffers new losses – Analysis - 22-06-2022
Crude oil price begins today with sharp decline to break 109.15 and reach 104.60 level direct, and we expect the continuation of the negative pressure to break this level and open the way to achieve additional negative targets that reach 101.50 followed by 98.95 levels.
Therefore, the bearish bias will be suggested for today, organized inside the bearish channel that appears on the chart, taking into consideration that the consolidation of 104.60 level against the current negative pressure will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 102.00 support and 107.50 resistance.
The expected trend for today: Bearish
Silver price breaks the support - Analysis - 22-06-2022
Silver price opened today’s trading with clear negativity to break 21.45 level an settles below it, which stops the recently suggested positive scenario and press on the price to turn to decline, and we expect heading to visit 20.95 followed by 20.50 levels as next main stations.
The EMA50 supports the expected decline, which will remain valid unless the price rallied to breach 21.85 followed by 22.00 levels and hold above them.
The expected trading range for today is between 21.00 support and 21.70 resistance.
The expected trend for today: Bearish