The AUDUSD is stable – Analysis - 26-03-2021
The AUDUSD pair provided negative trades yesterday but it returns to settle around 0.7615, keeping its stability below it, which keeps the bearish trend scenario valid and active for today, supported by stochastic loss to the positive momentum, waiting to head towards 0.7500 as a next target.
Note that breaching 0.7615 and holding above it will stop the suggested decline and lead the price to attempt to recover and visit 0.7765 level initially.
The expected trading range for today is between 0.7540 support and 0.7650 resistance
The expected trend for today: Bearish
Brent oil price is affected by the positive momentum – Analysis - 26-03-2021
Brent oil price bounced bullishly after testing 61.00 barrier yesterday, approaching to test 62.95 level, and as we mentioned in our previous reports, the price needs to hold below this level to keep the bearish trend active for the upcoming period, as breaching it will lead the price to turn to rise and achieve gains that start at 64.55.
Note that breaking 61.00 will ease the mission of achieving negative targets that start at 60.40 and extend to 57.75.
The expected trading range for today is between 61.00 support and 63.50 resistance.
The expected trend for today: Bearish
Crude oil price attempts to recover – Analysis - 26-03-2021
Crude oil price shows positive trades after touching 57.40 level yesterday, to head towards potential retest to the key resistance 59.85, noticing that the EMA50 continues to press negatively on the price, to support the continuation of the expected bearish trend scenario for the upcoming period, which its next targets extend to reach 54.85.
Note that breaching 59.85 and holding above it will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 57.50 support and 60.50 resistance.
The expected trend for today: Bearish
Silver price hits the target - Analysis - 26-03-2021
Silver price succeeded to touch our waited target at 24.55 and bounced bullishly to fluctuate around 25.00, noticing that stochastic lost its positive momentum to show clear overbought signals, which support the chances of resuming the negative trades and achieve negative targets that extend to 24.00.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 25.50 and holding above it.
The expected trading range for today is between 24.40 support and 25.50 resistance.
The expected trend for today: Bearish