Economies.com
2025-01-28 03:47AM UTC
Crude oil price attempted to break 73.90$ level, to hint heading to achieve more bearish correction, as we expect to visit 72.30$ as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, affected by the head and shoulders’ pattern that appears on the chart, taking into consideration that failing to confirm breaking 73.90$ will lead the price to start recovery attempts and head to test 75.53$ before any new attempt to decline.
The expected trading range for today is between 72.40$ support and 75.40$ resistance
Trend forecast: Bearish
Silver price awaits more decline – Forecast today – 28-01-2025
Economies.com
2025-01-28 03:47AM UTC
Silver price provided clear negative trades yesterday to reach few pips away from our waited target at 29.63$, and we suggest resuming the negative trades today to break this level and open the way to head towards 29.00$ followed by 28.40$ levels as next negative targets.
Therefore, the bearish trend will remain valid and active for the upcoming period, noting that breaching 30.63$ will stop the bearish wave and push the price to recover and achieve positive targets that start by visiting 31.63$ areas.
The expected trading range for today is between 29.50$ support and 30.40$ resistance.
Trend forecast: Bearish
Gold price reaches the target – Forecast today – 28-01-2025
Economies.com
2025-01-28 03:47AM UTC
Gold price succeeded to reach the bullish channel’s support line that appears on the chart, and according to the trading rules inside the channels, the price is on its way to build bullish wave in the upcoming sessions to head towards resuming the main bullish trend again, but we prefer to stay aside now until we get clearer signal for the next trend, to monitor the price according to 2731.50$ support and 2755.00$ resistance.
Note that breaching the resistance will confirm starting the bullish wave and open the way to visit 2790.00$ as a first main station, while breaking the support represents the key to start bearish correction on the intraday and short-term basis and push the price to test 2708.50$ areas as a first correctional target.
The expected trading range for today is between 2715.00$ support and 2760.00$ resistance.
Trend forecast: Neutral
The USDCAD price loses momentum – Forecast today – 28-01-2025
Economies.com
2025-01-28 03:46AM UTC
The USDCAD price continues to fluctuate at the broken support of the bullish channel, keeping its stability below it, to keep the bearish trend scenario active, which targets 1.4220$ mainly.
Stochastic shows negative signals that support the expected decline, noting that breaching 1.4420$ followed by 1.4467$ levels will stop the negative scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.4330$ support and 1.4450$ resistance
Trend forecast: Bearish