The AUDUSD touches the target – Analysis - 26-07-2022
The AUDUSD pair trades with additional positivity by today’s open to reach our waited target at 0.6980, expecting to surpass this level and achieve additional gains that reach 0.7050, supported by moving inside the bullish channel that appears on the chart.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 0.6910, noting that the EMA50 keeps supporting the expected bullish wave.
The expected trading range for today is between 0.6930 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price is recovering – Analysis - 26-07-2022
Brent oil price traded with clear positivity to breach 105.05 and settles above it, to stop the negative scenario and head to achieve expected gains on the intraday basis, targeting 108.10 followed by 109.60 levels mainly.
Therefore, the bullish bias will be expected for today, and moving above the EMA50 supports the suggested positive scenario, noting that breaking 105.05 and holding below it will press on the price to decline again to test 102.25 areas initially.
The expected trading range for today is between 104.00 support and 109.00 resistance.
The expected trend for today: Bullish
Crude oil price attempts to recover – Analysis - 26-07-2022
Crude oil price surpassed 95.40 level and settled above it, starting today with clear positivity to test the bearish channel’s resistance, located now at 96.85, which makes us prefer to stay aside temporarily until the price confirms surpassing one of the mentioned levels to detect the next destination clearly.
Note that breaching the mentioned resistance will push the price to achieve additional gains that start at 98.25 and extend to 100.00 after surpassing the previous level, while breaking the support line formed at 95.40 will put the price under the negative pressure again, to head towards 91.50 followed by 89.60 areas on the near term basis.
The expected trading range for today is between 93.50 support and 100.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Silver price awaits more rise - Analysis - 26-07-2022
Silver price faced temporary negative pressure yesterday to move below 18.60, but it continues to gather the positive momentum, waiting to resume the bullish bias to surpass the EMA50 and ease the mission of achieving our positive targets that start at 19.00 followed by 19.60.
In general, the bullish trend scenario will remain active unless breaking 18.30 and holding with a daily close below it.
The expected trading range for today is between 18.25 support and 19.00 resistance.
The expected trend for today: Bullish