The AUDUSD continues to decline – Analysis - 14-06-2022
The AUDUSD pair provided additional negative trades to achieve our next negative target at 0.6930, settling around this level now, falling under continuous negative pressure coming by the EMA50, to support the chances of surpassing this level and open the way to head towards 0.6830 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless the price rallied to breach 0.6995 followed by 0.7050 levels and holding above them.
The expected trading range for today is between 0.6890 support and 0.6990 resistance
The expected trend for today: Bearish
Brent oil price builds bullish wave – Analysis - 14-06-2022
Brent oil price traded with clear positivity to move away from the bullish channel’s support line, to hint heading to resume the main bullish trend, facing solid resistance at 121.30, as it needs to surpass this level to confirm rallying towards achieving additional gains that start at 123.10 and extend to 125.00.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 119.05 and holding below it.
The expected trading range for today is between 119.00 support and 123.10 resistance.
The expected trend for today: Bullish
Crude oil price attempts positively – Analysis - 14-06-2022
Crude oil price leaned on the bullish channel’s support line that appears on the chart to start the attempt to build new bullish wave, on its way to resume the main bullish trend, and the price needs to surpass 119.35 to confirm the continuation of the rise and head to achieve positive targets that start at 121.30 and extend to 123.00.
Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 116.30 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 117.00 support and 120.50 resistance.
The expected trend for today: Bullish
Silver price surpasses the first target - Analysis - 14-06-2022
Silver price managed to achieve our first waited target at 21.35 and surpassed it to settle below it, to support the continuation of the expected bearish trend on the intraday and short term basis, which its next target extends to reach 20.50.
Therefore, we will continue to suggest the bearish trend for the upcoming period supported by the negative pressure formed by the EMA50, reminding you that holding below 21.85 is important to continue the expected decline.
The expected trading range for today is between 20.70 support and 21.50 resistance.
The expected trend for today: Bearish