The GBPUSD tests the channel’s support line - Analysis - 15-08-2022
The GBPUSD pair achieved the expected decline to touch the bullish channel’s support line and settles there, accompanied by witnessing positive signals through stochastic, waiting to motivate ethe price to rebound bullishly and resume the main bullish trend, noting that the positive targets begin at 1.2250 and extend to 1.2400.
Therefore, we will keep our bullish overview, noting that breaking 1.2100 followed by 1.2077 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2050 support and 1.2210 resistance.
The expected trend for today: Bullish
The EURUSD breaks the support – Analysis - 15-08-2022
The EURUSD pair managed to confirm breaking 1.0278 level to reinforce the expectations of continuing the bearish trend domination, opening the way to achieve negative targets that start at 1.0200 and extend to 1.0100 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.0278 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bearish
Midday update for Brent oil 12-08-2022
Brent oil price trades positively to attempt to breach 102.25 level, to hint the attempt to activate the positive scenario, but we need a daily close above this resistance or below 100.70 support to confirm the next trend clearly.
Therefore, we will continue with our neutrality until now, and you can review the expected targets after breaching the mentioned levels through our morning report.
The expected trading range for today is between 99.50 support and 104.00 resistance.
The expected trend for today: Depends on the above mentioned levels
Midday update for Crude oil 12-08-2022
Crude oil price shows sideways and tight trades since morning, and still stuck between the trend confirmation levels represented by 91.45 support and 94.50 resistance, to continue with our neutrality until breaching one of these levels to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 91.50 support and 95.00 resistance.
The expected trend for today: Depends on the above mentioned levels