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The AUDUSD consolidates above the key support – Analysis - 03-08-2022
The AUDUSD pair continued to decline to reach 0.6910 level, noticing that the price begins today with clear positivity to hint resuming the correctional bullish trend, to suggest the bullish bias in the upcoming sessions, targeting 0.6980 followed by 0.7050 levels as next main stations.
Stochastic provide positive signals that support the expected rise, which will remain valid unless breaking 0.6910 and holding below it.
The expected trading range for today is between 0.6880 support and 0.7000 resistance
The expected trend for today: Bullish
Brent oil price achieves temporary gains – Analysis - 03-08-2022
Brent oil price rallied upwards strongly yesterday to breach the bearish channel’s resistance and achieve intraday gains that reached 106.45, but it returns to decline and fluctuate around the mentioned channel’s resistance, as it falls under continuous negative pressure coming by the EMA50, to support the chances of resuming the main bearish trend, waiting to test 102.25 initially.
MoreCrude oil price attempts to recover – Analysis - 03-08-2022
Crude oil price traded with clear positivity yesterday to breach the bearish channel’s resistance and reach the EMA50, which forms solid resistance that forced the price to decline again, which makes us suggest resuming the negative trades and attempts to return to the main bearish channel again, to head towards achieving negative targets that reach 89.60.
MoreSilver price gathers the positive momentum - Analysis - 03-08-2022
Silver price faced solid resistance at 20.50, to reound bearishly and approach the EMA50 that continues to support the price from below, noticing that stochastic gained clear positive momentum now, waiting to motivate the price to resume the bullish wave that its next target reaches 21.00.
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