The AUDUSD faces solid support – Analysis - 21-09-2021
The AUDUSD pair shows some slight bullish bias after finding solid support at 0.7225 level, to approach testing the intraday bearish channel’s resistance that appears on the chart, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the decline in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend on the intraday basis conditioned by the price stability below 0.7290, noting that breaking 0.7225 will push the price to 0.7100 as a next negative station.
The expected trading range for today is between 0.7190 support and 0.7290 resistance
The expected trend for today: Bearish
The NZDUSD crawls downwards – Analysis - 21-09-2021
The NZDUSD pair shows calm negative trades to crawl gradually towards our second waited target at 0.6990, and we expect the continuation of the bearish bias to surpass this level and visit 0.6945 as a next correctional target.
Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that the continuation of the bearish wave depends on the price stability below 0.7084.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish
Brent oil price attempts positively – Analysis - 21-09-2021
The bullish channel’s support line managed to stop the negative pressure that brent oil price faced yesterday, to start providing positive trades now, and it attempts to surpass 74.70 that forms key intraday resistance, as breaching this level represents the key to rally towards achieving new gains that start by visiting 77.80 areas.
Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 74.00.
The expected trading range for today is between 73.50 support and 76.20 resistance.
The expected trend for today: Bullish
Crude oil price leans on the channel’s support – Analysis - 21-09-2021
Crude oil price consolidated above the bullish channel’s support line that appears on the chart, getting positive signals through stochastic, waiting to motivate the price to resume the main bullish trend, which targets 73.30 as a next main station.
Therefore, the positive scenario will remain active for the upcoming period, noting that breaking 70.70 will stop the expected rise and press on the price to decline towards 69.25 initially.
The expected trading range for today is between 69.70 support and 72.70 resistance.
The expected trend for today: Bullish