The AUDUSD faces solid resistance – Analysis - 03-01-2022
The AUDUSD pair finds difficulty to surpass 0.7275 level, to rebound bearishly and heads towards potential test to 0.7205 level, and as long as the price is above this level, our bullish overview will remain valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 0.7340.
The expected trading range for today is between 0.7205 support and 0.7300 resistance
The expected trend for today: Bullish
Brent oil price tests the support base – Analysis - 03-01-2022
Brent oil price tested 77.70 level and keeps its stability above it, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 80.80 as a next station.
Therefore, the positive scenario will remain active on the intraday basis unless breaking 77.70 and holding below it.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
Crude oil price within positive pattern – Analysis - 03-01-2022
Crude oil price faced intraday negative pressures in the previous sessions, but we notice that the recent trades are confined within minor bearish channel that we believe it forms bullish flag pattern, thus, breaching 76.75 will activate the positive effect of this pattern and lead the price to resume the main bullish trend, which targets 79.80 as a next main station.
Therefore, we will continue to suggest the overall bullish trend, affected by the previously completed double bottom pattern, noting that breaking 74.85 will press on the price to achieve additional decline and retest 73.60 areas before any new attempt to rise.
The expected trading range for today is between 74.50 support and 77.50 resistance.
The expected trend for today: Bullish
Silver price is recovering - Analysis - 03-01-2022
Silver price’s decline stopped at 22.60 level, to rebound bullishly and cancel the negative pattern mentioned in our last report and surpass 23.15 level, as it settles above it now, which leads the price to resume the bullish trend on the intraday basis, organized inside the bullish channel that appears on the chart, waiting to visit 23.90 followed by 24.20 levels as next main targets.
The EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 22.85.
The expected trading range for today is between 22.85 support and 23.60 resistance.
The expected trend for today: Bullish