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NZDUSD completes positive formation – Analysis - 08-03-2018
The NZDUSD pair begins today’s trading positively to move above 0.7281 level, as the price is affected by the double bottom pattern that was completed previously, which its signs appear on the above chart, supporting the chances of achieving more gains in the upcoming sessions, to start the positive targets at 0.7335 and extend to 0.7436.
Therefore, we expect witnessing positive trades for today unless breaking 0.7281 and holding above it again.
Expected trading range for today is between 0.7200 support and 0.7380
Expected trend for today: Bullish
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AUDUSD breaches the resistance – Analysis - 08-03-2018
The AUDUSD pair surpassed 0.7818 level and closed the daily candlestick above it, to open the way to start attempts to regain the main bullish trend, targeting testing 0.7893 followed by 0.7986 levels as next main stations.
MoreBrent oil tests the critical support – Analysis - 08-03-2018
Brent oil price traded with strong negativity on yesterday’s evening to test the key support 64.00, and as we mentioned in our recent reports, holding above this level keeps the overall bullish trend scenario valid, as breaking it will force the price to visit 61.71 areas on the near term basis.
MoreCrude oil suffers sharp losses – Analysis - 08-03-2018
Crude oil price’s decline stopped at the bullish channel’s support line that appears on the above chart, showing recovery attempts now after leaning on the mentioned support, which is located now at 60.70, but it faces solid resistance at 61.40, noticing that stochastic positivity contradicts the EMA50 negativity, thus, we prefer staying aside until the price confirms breaching one of the mentioned levels to detect its next destination clearly.
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