|
NZDUSD suffers more losses – Analysis - 20-10-2017
The NZDUSD pair continues its negative trading strongly to surpass our waited target at 0.6992 and attempts to hold below it, which opens the way to extend the pair's losses on the short term basis, to head towards targeting 0.6920 followed by 0.6817 levels as next main stations.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, taking into consideration that breaching 0.7100 will release the price from the current negative pressure and push the price to the bullish track again.
Expected trading range for today is between 0.6880 support and 0.7050
Expected trend for today: Bearish
Thanks for your feedback.
AUDUSD under the negative pressure – Analysis - 20-10-2017
The AUDUSD pair begins today's trading with bearish bias to test the key support 0.7820 again, and by taking a deeper look at the chart, we find that this support forms potential neckline for an under construction double top pattern, which urges caution from the upcoming trading, as breaking this level will push the price to decline towards 0.7727 direct.
MoreBrent Oil awaits the bullish rebound – Analysis - 20-10-2017
Brent oil price settled at the EMA50 after the decline that it witnessed yesterday, noticing that stochastic begins to provide positive signals within the oversold areas, to form positive motive that we are waiting to push the price to resume the main bullish trend, organized inside the bullish channel that appears on chart.
MoreCrude oil keeps its positive stability – Analysis - 20-10-2017
Crude oil price begins today's trading positively after testing 51.12 level yesterday, while stochastic provides positive overlapping signal now on the four hours' time frame, which supports the chances of continuing the bullish bias in the upcoming sessions, waiting to test the previously recorded top at 52.84 initially.
More