The AUDUSD shows mixed trades – Analysis - 01-08-2022
The AUDUSD pair provided clear negative trades in the previous sessions to test 0.6910 and rebounds bullishly from there, as it managed to hold above 0.6980 level again, which keeps our positive overview valid until now, supported by the EMA50, waiting to visit 0.7050 as a next main station.
Holding above 0.6910 is important to continue the expected rise, as breaking it will press on the price to return to the main bearish track again.
The expected trading range for today is between 0.6940 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price achieves the waited gains – Analysis - 01-08-2022
Brent oil price succeeded to touch our extended positive target at 111.00 and bounced bearishly from there, to head towards the return to the main bearish track, and it needs to break 106.10 to confirm the continuation of the decline and achieve negative targets that start at 104.45 and extend to 102.25.
Therefore, the bearish bias will be suggested in the upcoming sessions conditioned by the price stability below 109.60.
The expected trading range for today is between 104.00 support and 109.55 resistance.
The expected trend for today: Bearish
Crude oil price achieves the positive targets – Analysis - 01-08-2022
Crude oil price managed to achieve our suggested positive targets in our previous reports and approached 100.00$ barrier, but it bounced downwards strongly to settle below 98.25, and begins to press on the bullish channel’s support line at 96.05, to hind resuming the main bearish wave, making the bearish bias suggested in the upcoming sessions, targeting 92.45 areas on the near term basis.
Therefore, we expect to witness negative trades today unless the price rallied to breach 98.25 and hold above it.
The expected trading range for today is between 93.00 support and 98.25 resistance.
The expected trend for today: Bearish
Silver price surpasses the resistance - Analysis - 01-08-2022
Silver price managed to breach 20.00 and hold above it, to support the continuation of the bullish trend scenario, waiting to test 20.50 as a next target, which breaching it represents the key to rally towards 21.00 direct.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 20.00 and the most important above 19.60.
The expected trading range for today is between 19.80 support and 20.60 resistance.
The expected trend for today: Bullish