The AUDUSD faces solid resistance – Analysis - 13-10-2021
The AUDUSD pair rebounds bearishly after testing the bullish channel’s resistance that appears on the chart, to test 0.7325 now, noticing that stochastic gains the positive momentum now, waiting to motivate the price to resume the bullish wave that its next target located at 0.7405.
Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 0.7290 and holding below it.
The expected trading range for today is between 0.7300 support and 0.7400 resistance
The expected trend for today: Bullish
Brent oil price awaits more decline – Analysis - 13-10-2021
Brent oil price provided negative trades yesterday and approached 82.15 level, which is considered as key support to the intraday trades, as breaking it represents the key to rally towards our waited negative targets, which start at 80.85 and extend to 79.25.
Until now, we will continue to suggest the bearish trend for the upcoming period as long as 83.55 level remains intact, as breaching this level will lead the price to resume the main bullish trend that its targets begin by attacking 84.20 level followed by rallying to achieve new gains on the short term and medium term basis.
The expected trading range for today is between 81.20 support and 84.00 resistance.
The expected trend for today: Bearish
Crude oil price achieves the first target – Analysis - 13-10-2021
Crude oil price succeeded to reach our first waited target at 79.40 yesterday, preparing to resume the negative trading that its targets extend to 77.70, as the price forms negative pattern that its signs appear on the chart, to support the expectations to decline.
Therefore, the bearish trend will remain valid and active for today, taking into consideration that the continuation of the bearish wave requires holding below 81.20.
The expected trading range for today is between 78.80 support and 81.50 resistance.
The expected trend for today: Bearish
No news for Silver price - Analysis - 13-10-2021
Silver price continues to fluctuate around the EMA50, settling withint tight track below 22.90 level, thus, no change to the bearish trend scenario that depends on the price stability below the mentioned level, noting that our first main target is located at 21.65.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish