The AUDUSD resumes the decline – Analysis - 23-06-2022
The AUDUSD pair returned ot test 0.6930 level, and rebounds bearishly now to keep the bearish trend scenario active for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to head towards 0.6830 that represents our next main target.
We remind you that the continuation of the bearish wave depends on the price stability below 0.6930 and 0.6995 levels.
The expected trading range for today is between 0.6830 support and 0.6930 resistance
The expected trend for today: Bearish
Brent oil price hits the target – Analysis - 23-06-2022
Brent oil price managed to touch our main waited target at 105.05 and bounced upwards strongly to test the key resistance 110.10, noticing that the price declined again to approach 105.05 level, to hint the continuation of the negative pressure on the intraday and short term basis, waiting to break the last level to open the way to extend the bearish wave towards 101.65 followed by 98.85 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 110.10 and holding above it.
The expected trading range for today is between 103.50 support and 110.00 resistance.
The expected trend for today: Bearish
Crude oil price gets negative close – Analysis - 23-06-2022
Crude oil price showed mixed trades yesterday after achieving our first waited negative target at 101.50 but it closed the daily candlestick below 104.60, to reinforce the expectations of continuing the bearish trend in the upcoming sessions, organized inside the bearish channel that appears on the chart, waiting to head towards 98.95 as a next main target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 104.60 will lead the price to start recovery attempts and achieve gains that start by visiting 109.15 areas.
The expected trading range for today is between 100.00 support and 105.00 resistance.
The expected trend for today: Bearish
Silver price resumes the decline - Analysis - 23-06-2022
Silver price returned to decline after the slight rise that it witnessed yesterday, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to head towards 20.95 followed by 20.50 levels as next main targets.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 21.85 and 22.00 levels.
The expected trading range for today is between 20.80 support and 21.60 resistance.
The expected trend for today: Bearish