Crude oil price suffers sharp losses – Analysis - 28-10-2021
Crude oil price broke 82.85 level strongly and declined sharply to approach the bullish channel’s support line, on its way to achieve expected bearish correction for the rise that started from 61.83 areas, targeting testing 79.83 level as a next station, noting that breaking this level will extend the bearish wave to reach 76.40 on the near term basis.
Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 82.55 will stop the expected negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 79.50 support and 82.55 resistance.
The expected trend for today: Bearish
The USDCHF awaits more decline – Analysis - 28-10-2021
The USDCHF pair provided negative trades to move away from 0.9200, to activate the bearish trend scenario again, on its way to visit 0.9140 as a first negative station, noting that breaking this level will push the price to 0.9060 as a next target.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.9200 and holding above it.
The expected trading range for today is between 0.9140 support and 0.9210 resistance.
The expected trend for today: Bearish
The NZDUSD within sideways track – Analysis - 28-10-2021
The NZDUSD pair fluctuates within sideways track recently as appears on the chart, and as long as the price is above 0.7145, our bullish overview will remain valid for the upcoming period, which gets good support by the EMA50, reminding you that our waited targets begin at 0.7217 and extend to 0.7300.
The expected trading range for today is between 0.7140 support and 0.7220 resistance
The expected trend for today: Bullish
The AUDUSD keeps its positive stability – Analysis - 28-10-2021
The AUDUSD pair returns to rise after the temporary decline that it witnessed yesterday, as the EMA50 managed to protect the pair from suffering more losses, to keep the bullish trend scenario active for the upcoming period, waiting to visit 0.7545 followed by 0.7615 levels as main targets.
We remind you that breaking 0.7455 will stop the expected rise and press on the price to turn to decline on the intraday basis.
The expected trading range for today is between 0.7470 support and 0.7570 resistance
The expected trend for today: Bullish