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NZDUSD approaches the target – Analysis - 17-11-2017
The NZDUSD pair continues to decline to approach gradually from our waited target at 0.6818, noticing that stochastic loses its positive momentum clearly on the four hours' time frame, while the EMA50 keeps pushing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking the mentioned level will push the price towards 0.6618 as a next target, while holding below 0.6992 represents the most important condition to achieve the suggested targets.
Expected trading range for today is between 0.6780 support and 0.6925
Expected trend for today: Bearish
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AUDUSD gets negative signal – Analysis - 17-11-2017
The AUDUSD pair continues to fluctuate within sideways track since yesterday, keeping its stability below 0.7633, to keep the negative pressure valid for the upcoming period, supported by the EMA50 besides the negative signal that stochastic begins to provide now.
MoreBrent Oil tests the support – Analysis - 17-11-2017
Brent oil price returns to test the key support 60.95 now, which represents 38.2% Fibonacci correction level for the rise measured from 55.00 to 64.63, which urges caution from the upcoming trading, as breaking it will push the price to extend its bearish correction towards areas that might reach 58.67 before any new attempt to rise.
MoreCrude oil awaits the rise – Analysis - 17-11-2017
Crude oil price continues to fluctuate near the bullish channel's support that appears on chart and keeps its stability above it, which keeps the bullish trend scenario active until now, and stochastic begins to provide positive overlapping signals that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions.
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