The AUDUSD presses on the support – Analysis - 22-09-2021
The AUDUSD pair returned to test 0.7225 support line in attempt to break it, waiting to break this level to confirm rallying towards 0.7100 that represents our next main target.
The bearish channel organizes the suggested bearish wave, which will remain valid conditioned by the price stability below 0.7290.
The expected trading range for today is between 0.7180 support and 0.7290 resistance
The expected trend for today: Bearish
Brent oil price returns to the channel – Analysis - 22-09-2021
Brent oil price begins today’s trading with clear bullish rally after turning back to the bullish channel that appears on the chart, to keep the main bullish trend scenario valid and active for the upcoming period, supported by the EMA50, waiting to visit 77.80 as a next main target.
Note that the continuation of the bullish wave requires holding above 74.70 and 74.05 levels, as breaking them will put the price under negative pressure that its targets begin by testing 72.75 areas.
The expected trading range for today is between 74.00 support and 77.00 resistance.
The expected trend for today: Bullish
Crude oil price surpasses the resistance – Analysis - 22-09-2021
Crude oil price managed to breach 71.05 level and close the last four hours’ candlestick above it, which supports the expectations of continuing the main bullish trend, as the price returns to the bullish channel that its next target located at 73.30.
Therefore, we will keep our bullish overview conditioned by the price stability above 70.75.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bullish
Silver price tests the resistance - Analysis - 22-09-2021
Silver price provided additional positive trades yesterday to test the key resistance 22.90, which represents the bearish channel’s resistance, noticing that the EMA50 meets this resistance to add more strength to it, waiting to resume the main bearish wave that its next targets located at 21.65 followed by 20.75.
On the other hand, we should note that breaching 22.90 will stop the suggested negative scenario and lead the price to turn to rise.
The expected trading range for today is between 22.20 support and 23.00 resistance.
The expected trend for today: Bearish