|
Midday update for the NZDUSD 16-08-2022
The NZDUSD pair touched the first negative target at 0.6320 and presses negatively on it, to support the chances of extending the bearish wave to head to target 0.6260 as a next main station, to continue suggesting the bearish trend for the rest of the day as long as 0.6380 remains intact.
The expected trading range for today is between 0.6300 support and 0.6410 resistance
The expected trend for today: Bearish
Thanks for your feedback.
Midday update for the AUDUSD 16-08-2022
The AUDUSD pair shows additional negative trades to approach 0.6980 level, and the way seems open to continue the decline to visit the bullish channel’s support line around 0.6950, to keep the bearish trend active for today unless the price rallied to breach 0.7050 and holding above it.
MoreMidday update for Brent oil 16-08-2022
Brent oil price didn’t show any strong move since morning, and as long as the price is below 97.40, our bearish overview will remain active, supported by the negative pressure formed by the EMA50, waiting to get negative motive that assist to push the price to resume the decline that targets 94.00 followed by 92.00 levels mainly.
MoreMidday update for Crude oil 16-08-2022
Crude oil price shows sideways trading since morning, noticing that stochastic loses the positive momentum gradually, waiting to motivate the price to resume the bearish wave that its next main target is located at 85.00, taking into consideration that the continuation of the bearish trend depends on the price stability below 89.60.
More