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Midday update for NZDUSD 18-07-2018
The NZDUSD pair achieved initial break to 0.6774 level and closed the four hours’ candlestick below it, to hint the price head to activate the bearish trend scenario on the intraday basis, but we need to get a daily close below this level or above 0.6827 to determine the next targets clearly.
Therefore, we will continue with our neutrality until we get a clearer signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.
Expected trading range for today is betwenen 0.6670 support and 0.6870
Expected trend for today: Neutral
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Midday update for AUDUSD 18-07-2018
The AUDUSD pair trades with clear negativity since morning to move away from 0.7400 level, reinforcing the expectations of continuing the bearish trend for today, which its next target located at 0.7270, as the price falls under negative pressure formed by the EMA50, reminding you that holding below 0.7400 – 0.7410 levels is important to continue the expected decline.
MoreMidday update for Brent oil 18-07-2018
Brent oil price shows negative trading now that hints resuming the recently suggested bearish trend scenario, depending on the price stability below 72.00 that forms negative pressure against the intraday trading, reminding you that the price is affected by the previously completed double top pattern, which supports the chances of achieving our initial targets that begin at 70.00 followed by 67.50.
MoreMidday update for Crude oil 18-07-2018
Crude oil price keeps its stability below 68.06 level, to keep the negative pressure valid for today, supported by the negative overlapping signal provided by stochastic now, waiting to target 65.90 level as a next main station, while holding below 68.06 represents the first condition to continue the expected decline, as breaching it will push the price to test 69.44 areas before any new attempt to decline.
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