The EURUSD breaches the resistance – Analysis - 05-08-2022
The EURUSD pair managed to breach 1.0200 and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend, opening the way to achieve our positive targets that start at 1.0278 and extend to 1.0355 followed by 1.0450.
Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 1.0200 and holding below it.
The expected trading range for today is between 1.0160 support and 1.0320 resistance.
The expected trend for today: Bullish
Midday update for the NZDUSD 04-08-2022
The NZDUSD pair reached our first target at 0.6320 now, waiting for more rise to breach this level and confirm extending the bullish wave towards 0.6380, reminding you that the continuation of the bullish wave depends on the price stability above 0.6257.
The expected trading range for today is between 0.6250 support and 0.6350 resistance
The expected trend for today: Bullish
Midday update for the AUDUSD 04-08-2022
The AUDUSD pair managed to touch our first waited target at 0.6980 and attempts to breach it, reinforcing the expectations of continuing the bullish wave and head to visit 0.7050 as a next target, to keep our bullish overview conditioned by the price stability above 0.6910.
The expected trading range for today is between 0.6910 support and 0.7020 resistance
The expected trend for today: Bullish
Midday update for Brent oil 04-08-2022
Brent oil price resumes its negative trading calmly to press on 100.00 barrier, waiting for more decline to confirm opening the way to head towards our next target at 95.90, to keep the bearish trend scenario active for today conditioned by the price stability below 102.25.
The expected trading range for today is between 97.50 support and 102.25 resistance.
The expected trend for today: Bearish