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NZDUSD awaits the confirmation – Analysis - 18-07-2018
The NZDUSD pair bounced bearishly after testing 0.6827 level, to settle around 0.6774 level again, and as we mentioned in our last reports, these levels represent the next trend keys, as the price needs to breach one of them to detect its next destination clearly, which keeps our neutrality valid until now.
We remind you that breaking the mentioned support will push the price to decline again and head towards 0.6670 as a next main station, while breaching the resistance will lead the price to achieve positive targets that begin at 0.6913 and extend to 0.7000.
Expected trading range for today is betwenen 0.6670 support and 0.6870
Expected trend for today: Neutral
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AUDUSD breaks the support – Analysis - 18-07-2018
The AUDUSD pair managed to break 0.7400 level and closed the daily candlestick below it, which forms negative factor that activates the bearish trend scenario on the intraday basis, targeting heading towards 0.7270 areas initially.
MoreBrent oil completes a negative pattern – Analysis - 18-07-2018
Brent oil price closed the daily candlestick below 72.00 level to confirm breaking this level, and by taking a deeper look at the chart, we find that the price completed forming a double top pattern that has negative targets that reach 63.50, which puts the price under expected negative pressure in the upcoming period, supported by the EMA50.
MoreCrude oil breaks the support – Analysis - 18-07-2018
Crude oil price managed to close the daily candlestick below 68.06 level, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards 65.90 that represents our next main station.
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