The AUDUSD touches the negative target – Analysis - 20-06-2022
The AUDUSD pair succeeded to achieve our waited target at 0.6930 and found solid support there, to start trading positively now, to head towards achieving expected gains in the upcoming sessions, targeting 0.6995 followed by 0.7045 levels as next main stations.
Therefore, we expect to witness more rise today, supported by stochastic positivity, noting that breaking 0.6930 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 0.6920 support and 0.7020 resistance
The expected trend for today: Bullish
Brent oil price hits the target – Analysis - 20-06-2022
Brent oil price succeeded to achieve our main waited target at 110.10 and settles there, and we suggest the continuation of the negative pressure to break this level and open the way to rally towards 105.05 as a next negative target.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, taking into consideration that failing to break 110.10 will lead the price to recover and head to visit 115.10 initially.
The expected trading range for today is between 106.00 support and 114.00 resistance.
The expected trend for today: Bearish
Crude oil price suffers more losses – Analysis - 20-06-2022
Crude oil price settles below 109.15 level, to keep the negative pressure valid for the upcoming period, waiting to visit 104.60 that represents our next negative target.
The EMA50 continues to support the suggested bearish wave, noting that breaking the targeted level will push the price to suffer additional losses that reach 100.00 followed by 98.95, while breaching 109.15 represents the key to start recovery attempts and start bullish wave that targets 113.70 areas initially.
The expected trading range for today is between 104.00 support and 109.50 resistance.
The expected trend for today: Bearish
Silver price draws positive pattern - Analysis - 20-06-2022
Silver price shows mixed trades by today’s open, to rise now and approach 21.85 level, and by taking a deeper look at the chart, we find that the price forms inverted head and shoulders’ pattern that its confirmation line located at 21.95, which means that breaching this level will motivate the price to recover and achieve gains that start by testing 22.67.
Stochastic provides positive signals that we expect to assist to push the price to complete the suggested pattern, which makes us suggest witnessing more bullish bias in the upcoming sessions, noting that breaking 21.45 will cancel the mentioned positive formation and press on the price to decline again.
The expected trading range for today is between 21.45 support and 22.20 resistance.
The expected trend for today: Bullish