The GBPUSD achieves the extended target and heads for more - Analysis - 28-07-2022
The GBPUSD pair rallied upwards strongly yesterday to succeed achieving our waited target at 1.2160, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that appears on the image, to head towards achieving more gains that reach 1.2300.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding above 1.2077 is important to achieve the waited targets.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish
The EURUSD surpasses the resistance – Analysis - 28-07-2022
The EURUSD pair tested 1.0100 level and bounced upwards strongly from there, to breach 1.0200 level and attempt to hold above it, which hints heading to reactivate the positive scenario, to suggest more bullish bias in the upcoming sessions and head to test 1.0278 followed by 1.0355 levels as main targets.
Therefore, the bullish trend will be expected for today conditioned by the price stability above 1.0200 level.
The expected trading range for today is between 1.0140 support and 1.0300 resistance.
The expected trend for today: Bullish
Midday update for Brent oil 27-07-2022
Brent oil price shows bullish bias now to surpass the EMA50, affected by stochastic positivity, but as long as the price is below 107.45, our bearish overview will remain valid for toda, waiting to resume the bearish trend that its targets begin at 102.25.
The expected trading range for today is between 101.00 support and 106.00 resistance.
The expected trend for today: Bearish
Midday update for Crude oil 27-07-2022
Crude oil price trades positively to attack 95.70 level, which urges caution from the upcoming trading, as breaching this level followed by breaching 96.25 will stop the morning suggested negative scenario and lead the price to turn to rise and achieve additional gains that reach 98.25, while the price needs to consolidate below 95.70 to resume the bearish bias that its first target located at 92.30.
The expected trading range for today is between 91.00 support and 96.50 resistance.
The expected trend for today: Bearish