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The AUDUSD continues the attempts to break – Analysis - 21-08-2023
The AUDUSD pair continues to fluctuate around 0.6400 level and finds difficulty to confirm breaking it, noticing that stochastic loses the positive momentum again, waiting to assist to push the price to break this level followed by continuing the decline on the intraday and short-term basis, reminding you that our next target is located at 0.6310.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.6440.
The expected trading range for today is between 0.6350 support and 0.6450 resistance
The expected trend for today: Bearish
Brent oil price completes positive pattern – Analysis - 21-08-2023
Brent oil price traded with clear positivity in the previous sessions to breach 84.33 and settles above it, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that supports the chances of achieving more rise in the upcoming sessions, to confirm stopping the recently suggested negative scenario and head to resume the bullish trend again, noting that the expected targets begin at 86.75 and extend to 88.20.
MoreCrude oil price stops the bearish correction – Analysis - 21-08-2023
Crude oil price breached 80.65 level clearly and settled above it, starting today with new rise to move away from this level, to confirm stopping the bearish correction and head to regain the main bullish trend again, paving the way to achieve gains that start at 82.90 and extend to 84.90.
MoreSilver price negotiates the moving average - Analysis - 21-08-2023
Silver price fluctuates within sideways track recently, and tests the EMA50 that forms good resistance against the price, waiting to get negative motive that assist to push the price to resume the bearish trend again, which its next target located at 22.25.
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