|
USDCHF finds solid support – Analysis - 22-01-2018
The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, as our next main target is located at 0.9420, noting that the continuation of the expected decline depends on holding below 0.9655 and 0.9727 levels.
Expected trading range for today is between 0.9564 support and 0.9670 resistance.
Expected trend for today: Bearish
Thanks for your feedback.
NZDUSD tests the support – Analysis - 22-01-2018
The NZDUSD pair shows new test to the key support 0.7260 now, and as long as the price is above this level, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, besides the positivity that appears on stochastic.
MoreAUDUSD rebounds from the resistance – Analysis - 22-01-2018
The AUDUSD pair shows some bearish bias after touching the bullish channel’s resistance that appears on the chart, and the price might be forced to visit 0.7936 level before resuming the bullish trend again.
MoreBrent oil tests the neckline – Analysis - 22-01-2018
Brent oil price tested the neckline of the head and shoulders’ pattern that appears on the chart, waiting to break this level at 68.50 to confirm rallying for more bearish correction on the intraday basis, as our next target is located at 66.90.
More