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The AUDUSD price attempts negatively – Forecast today - 31-01-2025

Economies.com
2025-01-31 04:06AM UTC

The AUDUSD price shows new negative trades to test 0.6200$ barrier, reinforcing the expectations of continuing the bearish trend, reminding you that the waited target is located at 0.6130$.

 

The negative pressure formed by the EMA50 supports the expected bearish wave, reminding you that it is important to hold below 0.6255$ as a first condition to the continuation of the suggested decline.

 

The expected trading range for today is between 0.6170$ support and 0.6260$ resistance

 

Trend forecast: Bearish

Brent oil price breaches the resistance – Forecast today - 31-01-2025

Economies.com
2025-01-31 04:06AM UTC

Brent oil price traded with clear positivity to breach 77.05$ and attempt to hold above it, which leads that price to achieve expected gains on the intraday basis, targeting visiting 78.40$ as a next positive station.

 

Breaching the minor resistance at 77.45$ will ease the mission to rally towards the suggested target, while breaking 77.05$ will stop the bullish bias and push the price to return to the correctional bearish track again.

 

The expected trading range for today is between 76.00$ support and 79.00$ resistance.

 

Trend forecast: Bullish

Crude oil price is recovering – Forecast today - 31-01-2025

Economies.com
2025-01-31 04:06AM UTC

Crude oil price closed yesterday above 73.90$ level, to attempt to build bullish wave on the intraday basis and head towards achieving expected gains in the upcoming sessions, targeting testing 75.52$ mainly.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 73.90$ and holding below it will push the price to resume the correctional bearish track and head towards 72.30$ as a next negative station.

 

The expected trading range for today is between 72.80$ support and 75.80$ resistance

 

Trend forecast: Bullish

Silver price touches the target - Forecast today - 31-01-2025

Economies.com
2025-01-31 04:05AM UTC

Silver price managed to touch 31.63$ level to find solid resistance there, as it showed temporary bearish rebound affected by stochastic negativity, waiting to get positive motive that assist to push the price to breach this level and continue the rise within the bullish channel that appears on the chart, noting that the next targets extend to 32.86$.

 

The positive support provided by the EMA50 reinforces the expectations of continuing the bearish trend, reminding you that it is important to hold above 30.63$ to continue the suggested rise.

 

The expected trading range for today is between 31.00$ support and 31.95$ resistance.

 

Trend forecast: Bullish