The AUDUSD builds support base – Analysis - 15-10-2021
The AUDUSD pair settles above the support base formed above 0.7405, waiting to resume the positive trades to head towards 0.7478 that represents our next target.
In general, we will continue to suggest the bullish trend for the upcoming period as long as 0.7360 remains intact, noting that the EMA50 continues to support the expected bullish wave.
The expected trading range for today is between 0.7370 support and 0.7470 resistance
The expected trend for today: Bullish
Brent oil price approaches the first target – Analysis - 15-10-2021
Brent oil price continues to rise to approach our first waited target at 84.20, and we believe that the way is open to continue the bullish bias to achieve additional gains that reach 85.40.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that holding above 82.70 is important to continue the suggested bullish wave.
The expected trading range for today is between 83.00 support and 85.40 resistance.
The expected trend for today: Bullish
Crude oil price crawls upwards – Analysis - 15-10-2021
Crude oil price shows more bullish bias to approach 82.00$ barrier, getting continuous positive support by the EMA50, which supports the chances of achieving more gains in the upcoming sessions, noting that our next target rises to 83.00.
Therefore, the bullish trend will remain dominant on the intraday and short term basis, taking into consideration that breaking 80.80 might press on the price to target the bullish channel’s support line around 77.60 before any new attempt to rise.
The expected trading range for today is between 80.50 support and 83.50 resistance.
The expected trend for today: Bullish
Silver price exits the Bearish channel - Analysis - 15-10-2021
Silver price surpassed the bearish channel’s resistance and settled above it, to start bullish wave that its targets begin at 24.20, noticing that the price completed forming inverted head and shoulders’ pattern that appears on the chart, which has positive targets that extend to reach 25.00 areas.
Therefore, we expect to witness more rise in the upcoming sessions, supported by moving above the EMA50, noting that the continuation of the bullish wave requires holding above 23.15.
The expected trading range for today is between 23.15 support and 24.00 resistance.
The expected trend for today: Bullish