The AUDUSD hits the first positive target – Analysis - 21-06-2022
The AUDUSD pair touched our first positive target at 0.6995 and settles near it now, waiting to get positive momentum that assist to push the price to surpass this level and open the way to head towards 0.7050 that represents our next target.
Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 0.6930 and holding below it.
The expected trading range for today is between 0.6930 support and 0.7030 resistance
The expected trend for today: Bullish
Brent oil price is recovering – Analysis - 21-06-2022
Brent oil price rallied upwards strongly after failing to break 110.10 level, to head towards testing 115.10 as a first positive station, making the bullish bias suggested in the upcoming sessions, noting that breaching this level will extend the bullish wave to reach 118.00 areas.
On the other hand, we should note that breaking 112.30 will stop the suggested positive scenario and press on the price to decline again, to attack 110.10 level initially.
The expected trading range for today is between 111.00 support and 117.00 resistance.
The expected trend for today: Bullish
Crude oil price breaches the resistance – Analysis - 21-06-2022
Crude oil price opened today’s trading with strong rise to breach 109.15 and settles above it, to stop the recently suggested negative scenario and head to achieve expected gains in the upcoming sessions, targeting 113.70 areas mainly.
Therefore, the bullish bias will be suggested for today unless breaking 109.15 and holding below it again.
The expected trading range for today is between 108.00 support and 113.00 resistance.
The expected trend for today: Bullish
Silver price awaits the breach - Analysis - 21-06-2022
Silver price shows weak trades since yesterday, attempting to provide some bullish bias by today’s open, to support the continuation of the recently suggested bullish trend scenario, which depends on the formation of the inverted head and shoulders’ pattern that has positive targets that start at 22.67.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 21.45 and holding below it.
The expected trading range for today is between 21.45 support and 22.20 resistance.
The expected trend for today: Bullish