The AUDUSD hits the target – Analysis - 12-10-2021
The AUDUSD pair succeeded to achieve our waited target at 0.7360 and settles near it, and we suggest resuming the positive attempts to surpass this level and head towards 0.7405 as a next station.
Therefore, the bullish trend will remain valid for the upcoming period supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 0.7290.
The expected trading range for today is between 0.7290 support and 0.7400 resistance
The expected trend for today: Bullish
Brent oil price faces solid resistance – Analysis - 12-10-2021
Brent oil price found solid resistance around 84.20, to head towards starting intraday bearish wave that we expect to target visiting 80.85 and might reach 79.25 before attempting to return to resume the main bullish track again.
Therefore, the bearish bias will be suggested for today, noting that breaching 84.20 will stop the suggested negative scenario and lead the price to achieve new gains on the intraday and short term basis.
The expected trading range for today is between 81.50 support and 84.40 resistance.
The expected trend for today: Bearish
Crude oil price begins bearish correction – Analysis - 12-10-2021
Crude oil price couldn’t manage to surpass the main bullish channel’s resistance, to rebound bearishly and start bearish correction for the last bullish wave, on its way to achieve negative targets that start at 79.40 and extend to 77.70.
Therefore, the bearish bias will remain suggested for today, noting htat breaching 80.45 is considered as the first positive key to regain the main bullish trend and stop the expected bearish correction.
The expected trading range for today is between 79.00 support and 81.60 resistance.
The expected trend for today: Bearish
Silver price within tight track - Analysis - 12-10-2021
Silver price shows tight trades since yesterday, settling around the EMA50, and as long as the price is below 22.90, our bearish overview will remain valid and active, organized inside the main bearish channel that appears on the chart, reminding you that we are waiting to visit 21.65 as a first main target.
The expected trading range for today is between 22.10 support and 23.00 resistance.
The expected trend for today: Bearish