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The AUDUSD rebounds bearishly – Analysis - 16-11-2023
The AUDUSD pair reached few pips away from our waited positive target at 0.6545, and bounced downwards clearly to head towards visiting 0.6400 level in the upcoming sessions, making the bearish bias suggested for today, supported by stochastic negativity.
Note that breaking the targeted level will put the price under more negative pressure to head towards achieving more decline on the intraday and short-term basis, while breaching 0.6545 represents positive factor that will lead the price to achieve additional gains that reach 0.6660 on the near-term basis.
The expected trading range for today is between 0.6410 support and 0.6500 resistance
The expected trend for today: Bearish
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Brent oil price touches the negative target – Analysis - 16-11-2023
Brent oil price succeeded to achieve our waited negative target at 81.00 and presses negatively on it now, to support the chances of continuing the decline and head to achieve additional negative targets that we expect to reach 79.20 followed by 77.44 areas, affected by the previously completed double top pattern, which its signs appear on the chart.
MoreCrude oil price confirms the break – Analysis - 16-11-2023
Crude oil price broke 77.86 level clearly and ended yesterday below, starting today with additional decline to confirm heading to achieve new negative targets that reach 73.73, which represents 76.4% Fibonacci correction level for that rise measured from 67.04 to 95.37, which means that breaking this level will push the price to suffer additional losses and turn the short-term and medium-term trend to decline.
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Silver price provided additional positive trades yesterday to approach the main waited target at 23.70, showing some bearish bias affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to achieve new rises in the upcoming sessions.
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