The AUDUSD surpasses the first target – Analysis - 13-01-2022
The AUDUSD pair managed to achieve our first waited target at 0.7275 and breached it to settle above it, paving the way to visit the next correctional level at 0.7340, waiting for more rise in the upcoming sessions within the bullish channel that appears on the chart.
Holding above 0.7275 represents initial condition to continue the bullish wave, as breaking it will press on the price to test 0.7205 areas initially before determining the next destination clearly.
The expected trading range for today is between 0.7240 support and 0.7340 resistance
The expected trend for today: Bullish
Brent oil price hits the first extended target – Analysis - 13-01-2022
Brent oil price managed to touch 84.55 level and settles near it, and it might lean on the bullish channel’s support line before resuming the expected bullish trend for the upcoming period, which targets 85.80 as a next main station.
The EMA50 continues to support the suggested bullish wave, noting that holding above 83.40 is important to continue the expected rise, as breaking it might press on the price to decline on the intraday basis and test 80.80 areas before any new positive attempt.
The expected trading range for today is between 83.00 support and 85.70 resistance.
The expected trend for today: Bullish
Crude oil price awaits more rise – Analysis - 13-01-2022
Crude oil price continues to rise within the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting for more bullish bias that targets 84.00 followed by 85.40 levels as next main stations.
Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 81.30 might press on the price to test the key support base 79.80 before any new attempt to rise.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bullish
Silver price hits the target - Analysis - 13-01-2022
Silver price succeeded to achieve our waited target at 23.15 and settles above it now, paving the way to achieve more expected rise on the intraday and short term basis, waiting to test 23.40 level, which breaching it represents the key to rally towards 24.20 as a next positive target.
Therefore, we expect the continuation of the bullish trend domination in the upcoming sessions conditioned by the price stability above 22.85.
The expected trading range for today is between 22.85 support and 23.70 resistance.
The expected trend for today: Bullish