The AUDUSD pair ended yesterday below the broken neckline of the double top pattern, to add more confirmation to the continuation of the expected negative pressure for the upcoming period, and the way is open to achieve our waited negative target at 0.6540.
The EMA50 forms negative pressure against the price to support the expectations to decline, noting that breaching 0.6650 will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 0.6540 support and 0.6670 resistance
The expected trend for today: Bearish
Brent oil price provided strong negative trades yesterday to touch our waited target at 83.57, but it bounced upwards sharply from there, to head towards building expected intraday bullish wave, targeting 91.35 followed by 93.73 levels mainly.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 86.10 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 86.70 support and 90.50 resistance.
The expected trend for today: Bullish
Crude oil price bounced upwards strongly after touching 76.05 level, to head towards achieving expected gains in the upcoming sessions, on its way to test 82.45 followed by 84.75 levels as main positive targets.
Therefore, the bullish bias will be suggested for today, and breaching 81.15 will reinforce the positive overview, while breaking 79.20 will stop the expected rise and press on the price to resume the bearish track again.
The expected trading range for today is between 78.90 support and 82.45 resistance.
The expected trend for today: Bullish
Silver price opens today’s trading with clear positivity to head towards potential test to the key resistance 21.30, noticing that the EMA50 attempts to prevent the price from achieving more rise, while stochastic reaches the overbought areas.
Therefore, we believe that the chances valid to resume the correctional bearish trend, which its targets begin by breaking 20.72 to open the way to rally towards 20.25 as a next negative target, noting that the continuation of the bearish wave requires holding below 21.30.
The expected trading range for today is between 20.50 support and 21.40 resistance.
The expected trend for today: Bearish