The AUDUSD tests the resistance – Analysis - 23-11-2022
The AUDUSD pair tested 0.6650 level and keeps its stability below it, accompanied by stochastic loss to the positive momentum and witnessing clear negative signals now, which supports the chances of resuming the expected bearish trend for the upcoming period, which targets 0.6540 mainly.
Therefore, we will keep our bearish overview unless breaching 0.6650 and holding with a daily close above it.
The expected trading range for today is between 0.6560 support and 0.6680 resistance
The expected trend for today: Bearish
Brent oil price achieves clear gains – Analysis - 23-11-2022
Brent oil price provided positive trades yesterday to touch 90.00$ per barrel barrier, but it bounced bearishly to settle around 88.50 level now, affected by stochastic negativity that attempts to gather the positive momentum now, waiting to resume the bullish wave that targets 91.35 followed by 93.73 levels as next main stations.
Until now, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 86.10.
The expected trading range for today is between 87.00 support and 90.50 resistance.
The expected trend for today: Bullish
Crude oil price approaches the first target – Analysis - 23-11-2022
Crude oil price traded with clear positivity yesterday and approached our first waited target at 82.45, and bounced bearishly to move around 81.00 level, as it attempts to gather the positive momentum on the intraday time frames, waiting to resume the positive trades to surpass the mentioned target and head towards 84.25 as a next positive station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 79.20 and holding below it.
The expected trading range for today is between 79.30 support and 83.00 resistance.
The expected trend for today: Bullish
Silver price tests the key resistance - Analysis - 23-11-2022
Silver price continued to rise to test 21.30 resistance line, and bounced downwards clearly from there, to support the continuation of the bearish trend domination, waiting to test 20.72 level initially, which breaking it represents the key to rally towards 20.25 as a next correctional target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 21.30 and hold above it.
The expected trading range for today is between 20.50 support and 21.30 resistance.
The expected trend for today: Bearish