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Midday update for the NZDUSD 17-08-2021
The NZDUSD pair shows additional negative trades to approach our waited negative target at 0.6865, to keep the bearish trend scenario dominant for the rest of the day, supported by moving below the EMA50, reminding you that it is important to hold below 0.7000 to continue the suggested decline.
The expected trading range for today is between 0.6900 support and 0.7000 resistance
The expected trend for today: Bearish
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Midday update for the AUDUSD 17-08-2021
The AUDUSD pair managed to surpass 0.7300 level to confirm the continuation of the expected bearish trend for the upcoming period, which its next target located at 0.7225, waiting for more decline for the rest of the day conditioned by the price stability below 0.7375.
MoreMidday update for Brent oil 17-08-2021
Brent oil price shows new negative trades in attempt to head towards our first waited target at 67.70, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend valid and active for today, which depends on the price stability below 69.65, while its targets extend to 66.00 after surpassing the first target.
MoreMidday update for Crude oil 17-08-2021
Crude oil price resumes its negative trading to move away from 67.45 level, reinforcing the expectations of continuing the bearish trend, and the way is open to achieve our next waited target at 65.20, noting that breaking it will extend the bearish wave to reach 61.55, while achieving it requires holding below 67.45 and the most important below 68.40.
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