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The AUDUSD is stable – Analysis - 08-09-2023
The AUDUSD pair didn’t show any strong move in the previous sessions, thus, the bearish trend scenario will remain valid for the upcoming period without any change, supported by the negative pressure formed by the EMA50, waiting to head towards 0.6300 as a next main target, reminding you that it is important to hold below 0.6400 to continue the expected decline.
The expected trading range for today is between 0.6320 support and 0.6410 resistance
The expected trend for today: Bearish
Brent oil price forms negative pattern – Analysis - 08-09-2023
Brent oil price couldn’t manage to continue the rise, noticing that the price recorded lower high as appears on the chart, to start declining and heads towards building bearish wave on the intraday basis, targeting visiting 88.20 initially, noting that breaking this level will push the price to 86.75 as a next negative target.
MoreCrude oil price begins bearish correction – Analysis - 08-09-2023
Crude oil price confirmed breaking the intraday bullish channel’s support line, to start bearish correction for the rise measured from 77.85 to 88.18, on its way to achieve negative targets that start at 85.75 and extend to 84.25 after surpassing the previous level.
MoreSilver price faces solid support - Analysis - 08-09-2023
Silver price couldn’t manage to break 23.00 level, to consolidate above it and begins attempts to build bullish wave on the intraday basis, to head towards visiting 23.70 as a next main station.
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