The AUDUSD is recovering – Analysis - 13-01-2021
The AUDUSD pair traded with clear positivity yesterday to breach 0.7725 and settles above it, which pushes the price to resume the main bullish trend, on its way to test the recently recorded top at 0.7820 initially.
Therefore, the bullish trend will be expected for the upcoming period unless breaking 0.7680 level and holding below it.
The expected trading range for today is between 0.7700 support and 0.7840
The expected trend for today: Bullish
Brent oil price approaches the target – Analysis - 13-01-2021
Brent oil price opens today’s trading with new strong rise to approach our waited target at 57.77, expecting the continuation of the bullish rally to achieve additional gains that reach 60.65.
Therefore, the bullish trend will remain valid and active for the upcoming period supported by the EMA50, noting that holding above 56.15 is important to continue the expected rise.
The expected trading range for today is between 56.15 support and 59.00 resistance.
The expected trend for today: Bullish
Crude oil price achieves more gains – Analysis - 13-01-2021
Crude oil price continues to rise to reach 54.00$ barrier, moving inside an intraday bullish channel that supports the expectations of achieving more gains, reminding you that our next target is located at 54.62, which breaching it represents the key to head towards 56.00 as a next station.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 53.00.
The expected trading range for today is between 52.50 support and 55.60 resistance.
The expected trend for today: Bullish
Silver price tests the resistance – Analysis - 13-01-2021
Silver price ended yesterday around 25.50 level and shows attempts to breach it, which makes us prefer staying aside until the price confirms its situation according to this level followed by detecting its next destination clearly.
Note that breaching the mentioned level will push the price to resume the main bullish trend and achieve positive targets that start at 27.45, while consolidating below it will press on the price to decline again and head towards 22.87 as a next correctional target.
The expected trading range for today is between 24.90 support and 26.10 resistance.
The expected trend for today: Neutral