The AUDUSD consolidates above the support – Analysis - 18-09-2020
The AUDUSD pair settles above the bullish channel’s support line, getting positive support by the EMA50, to support the chances of achieving potential gains in the upcoming sessions, on its way to test the recently recorded top at 0.7413 initially.
Therefore, the bullish bias will remain suggested for today, noting that breaking 0.7250 wikll stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.7260 support and 0.7400
The expected trend for today: Bullish
Brent oil price achieves the extended target – Analysis - 18-09-2020
Brent oil price rallied upwards strongly yesterday to surpass 43.00 level and reaches our extended target at 43.84, and the way seems open to achieve more gains in the upcoming sessions, as breaching the last level represents the key to head towards 44.87 as a next main station.
Therefore, our bullish overview will remain valid and active for the upcoming period, supported by stochastic and the EMA50 positivity, noting that holding above 43.00 and 42.75 levels is important to continue the expected rise.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
Crude oil price gets a positive signal – Analysis - 18-09-2020
Crude oil price resumes its positive trading to breach 41.00 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to achieve more gains in the upcoming sessions, as the next positive targets located at 41.85 and extend to 43.05.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 40.30.
The expected trading range for today is between 39.80 support and 42.50 resistance.
The expected trend for today: Bullish
Silver price keeps its positive stability – Analysis - 18-09-2020
Silver price attempted to break 26.90 level but it returned to settle above it, which keeps the bullish trend scenario valid and active on the intraday basis, waiting to get positive motive that assists to push the price to achieve our expected targets that start at 28.90 followed by 29.80.
On the other hand, we should note that breaking 26.90 and holding below it will put the price under negative pressure that targets visiting 25.06 areas mainly.
The expected trading range for today is between 26.30 support and 28.00 resistance.
The expected trend for today: Bullish