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The AUDUSD tests the moving average – Analysis - 18-12-2019
The AUDUSD pair continues the calm decline to reach the EMA50, which continues to provide positive support for the price, waiting for boucing higher to resme the bullish trend that targets 0.7015 level mainly.
the bullish channel keeps organizing the suggested bullish wave, which will remain valid and active unless breaking 0.6670 level and holding below it.
The expected trading range for today is between 0.6810 support and 0.6900
The expected trend for today: Bullish
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Brent oil price touches the first target – Analysis - 18-12-2019
brent oil price succeeded to reach our waited initial target at 65.40, and it found a strong resistance, to show slight bearish bias, but we wait for more of the upside moves, supported by the EMA50 to breach the mentioned level and opening the way towards achieving gains that extend to reach 68.95 on the near term basis.
MoreCrude oil price achieves the target – Analysis - 18-12-2019
Crude oil price managed to achieve our waited target at 60.90, showing some of the bearish bias moves from there, in its way to test the intraday bullish channel’s support that appears in the image, where the price affected by stochastic negativity, while the EMA50 provides a continuous positive support for the price, keeping the bullish trend scenario preferred in the upcoming period.
MoreSilver price still confined – Analysis - 18-12-2019
Silver price remains confined between the critical levels that are represented by 16.96 support and 14.10 reistance, as we mentioned yesterday, the price needs to breach one of these levels to detect our next targets clearly, keeping our neutral attitude valid until now.
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