The AUDUSD keeps achieving the extended targets – Analysis - 13-06-2022
The AUDUSD pair bounced downwards strongly to achieve our waited negative targets, reaching 0.6995, and it might test the resistance line formed at 0.7050 before resuming the decline again.
We expect to witness more bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50 unless breaching 0.7050 followed by 0.7100 and holding above them, noting that our next target extends to 0.6930.
The expected trading range for today is between 0.6960 support and 0.7050 resistance
The expected trend for today: Bearish
Brent oil price touches the channel’s support – Analysis - 13-06-2022
Brent oil price succeeded to touch the bullish channel’s support line that rises now to 118.20 and settles there, and we prefer to stay aside temporarily until the price confirms its situation according to the mentioned level followed by detecting the next destination clearly, as the price faces contradiction between the technical factors.
Note that breaking the mentioned support will press on the price to suffer additional losses that reach 115.10, while consolidating above it will lead the price to start bullish wave that targets 121.30 initially.
The expected trading range for today is between 116.50 support and 121.00 resistance.
The expected trend for today: Neutral
Crude oil price awaits more decline – Analysis - 13-06-2022
Crude oil price opens today with new decline to settle below 117.10, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets 115.70 followed by 113.70 levels as next main stations.
Moving below the EMA50 supports the suggested decline, noting that breaching 117.10 will lead the price to recover and attempt to regain the main bullish trend again.
The expected trading range for today is between 114.00 support and 118.50 resistance.
The expected trend for today: Bearish
Silver price keeps its negative stability - Analysis - 13-06-2022
Silver price tested 21.85 level and bounced bearishly from there, and stochastic and the EMA50 provides negative signals now, which supports the chances of resuming the expected bearish wave for the upcoming period, which targets 21.35 followed by 20.50 levels mainly.
Note that breaching 21.85 will stop the expected decline and push the price to resume the correctional bullish track.
The expected trading range for today is between 21.30 support and 21.90 resistance.
The expected trend for today: Bearish