AUDUSD Price Analysis

Bearish Trend Continuation

• The AUDUSD price fluctuates within a sideways and tight track, settling around the 0.6525$ level.
• Stochastic indicates a clear loss of positive momentum, signaling a potential resumption of the bearish trend.
• The bearish targets start with breaking the 0.6500$ level, followed by 0.6450$ and 0.6410$.

Support from EMA50

The EMA50 continues to support the suggested bearish wave.

Trading Range

The expected trading range for today is between 0.6460$ support and 0.6570$ resistance.

Trend forecast: Bearish

Brent Oil Price Analysis

Continued Bullish Momentum

Brent oil price continues its upward trajectory, surpassing the EMA50.

The next target lies at 87.40$, with further gains anticipated towards the 90.00$ mark.

Intraday Outlook

Temporary sideways fluctuations may occur due to stochastic negativity.

Bullish trend remains intact unless key support levels at 85.90$ and 85.30$ are breached.

Trading Range

Expected trading range for today: 85.10$ support - 88.80$ resistance.

Trend forecast: Bullish

Crude Oil Price Analysis

Bullish Momentum

Crude oil price exhibits a bullish bias, surpassing the 82.00$ barrier.

EMA50 support suggests a continuation of the upward trend with initial gains targeting 83.56$.

Intraday Outlook

Expectations favor further bullish bias in the short term.

Breaching 82.40$ will reinforce bullish sentiment, while failure may lead to a retest of 80.68$.

Breakdown below 80.68$ could extend the correctional bearish wave towards 78.90$.

Trading Range

Expected trading range for today: 81.00$ support - 83.80$ resistance.

Trend forecast: Bullish

Silver Price Analysis

Trading Range Bound

Silver price remains constrained between key levels at 24.30$ support and 24.85$ resistance.

Neutrality persists until a breakout occurs.

Technical Indicators

Negativity in technical indicators favors a potential bearish trend.

Bearish correction towards 23.85$ and 23.40$ is possible upon breaking support.

Breaking resistance at 24.85$ could signal a return to the main bullish trend with targets at 25.50$ and 26.07$.

Trading Range

Expected trading range for today: 24.10$ support - 25.00$ resistance.

Trend forecast: Neutral