The AUDUSD keeps its positive stability – Analysis - 25-10-2021
The AUDUSD pair made new test to 0.7455 level and bounced bullishly from there, which supports the continuation of the expected bullish trend for the upcoming period, which gets good support by the EMA50 and stochastic, waiting to visit 0.7545 level initially.
Breaching the targeted level will extend the bullish wave to 0.7615, while breaking 0.7455 will put the price under additional correctional bearish pressure on the intraday basis.
The expected trading range for today is between 0.7455 support and 0.7545 resistance
The expected trend for today: Bullish
The USDCHF approaches the target – Analysis - 25-10-2021
The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding below 0.9200 is important to continue the expected decline.
The expected trading range for today is between 0.9100 support and 0.9180 resistance.
The expected trend for today: Bearish
Brent oil price achieves more gains – Analysis - 25-10-2021
Brent oil price begins today with bullish bias to touch our first waited extended target at 85.55 and attempts to breach it, to support the chances of achieving more expected gains on the short term and medium term basis, as we expect to head towards 88.00 as a next main station.
The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that holding above 84.40 is important to continue the expected bullish trend.
The expected trading range for today is between 84.00 support and 87.00 resistance.
The expected trend for today: Bullish
Crude oil price faces intraday negative pressures – Analysis - 25-10-2021
Crude oil price managed to achieve our waited target at 84.55 and breaches it to open the way to achieve more expected gains on the longer term basis, and it needs to surpass 84.85 resistance to confirm extending the bullish wave towards 85.85 followed by 87.35 areas.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to breach 84.85 and breaking 83.90 will press on the price to start correctional bearish wave that targets testing 82.10 areas initially before any new attempt to rise.
The expected trading range for today is between 83.50 support and 86.20 resistance.
The expected trend for today: Bullish