The AUDUSD under the negative pressure – Analysis - 27-07-2022
The AUDUSD pair begins today with clear negativity to break the bullish channel’s support line and press on the key support 0.6910, which hints heading to stop the bullish correction and return to the main bearish track again, which makes us stay aside temporarily until the price confirms breaking the mentioned support or breaching 0.6980 resistance to detect the next targets clearly.
Note that breaking the mentioned support will press on the price to turn to decline and head to visit 0.6825 areas initially, while breaching the resistance will lead the price to achieve additional bullish correction that its next target reaches 0.7050.
The expected trading range for today is between 0.6860 support and 0.6980 resistance
The expected trend for today: Neutral
Brent oil price returns to decline – Analysis - 27-07-2022
Brent oil price’s rise stopped at 107.40 level, to rebound downwards clearly and settles below 105.05, which puts the price under expected negative pressure in the upcoming sessions, and we expect to test 102.25 initially, noting that breaking this level will press on the price to suffer additional losses that reach 98.25.
Therefore, we expect to witness more decline on the intraday and short term basis unless breaching 107.45 and holding above it.
The expected trading range for today is between 101.00 support and 106.00 resistance.
The expected trend for today: Bearish
Crude oil price breaks the support – Analysis - 27-07-2022
Crude oil price touched 98.25 level yesterday and bounced downwards strongly from there to break 95.40 and settles below it, which pushes the price to resume the bearish wave within the bearish channel that appears on the chart, waiting for more decline in the upcoming sessions to head towards 92.30 followed by 89.60 levels as next main targets.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 95.40 followed by 96.25 levels and holding above them.
The expected trading range for today is between 91.00 support and 96.50 resistance.
The expected trend for today: Bearish
Silver price needs strong positive motive - Analysis - 27-07-2022
Silver price hovers around 18.60 level, and faces strong intraday resistance formed by the EMA50 now around 18.70, waiting to get positive motive that assist to push the price to surpass this level and open the way to head towards 19.00 followed by 19.60 levels as next main targets.
Therefore, we will continue to suggest the bullish trend unless breaking 18.30 and holding below it.
The expected trading range for today is between 18.30 support and 19.00 resistance.
The expected trend for today: Bullish