NZDUSD touches the first target – Analysis - 01-05-2018
The NZDUSD pair succeeded to touch our first waited target at 0.7030, and the EMA50 keeps pushing negatively on the price, to support the chances of breaking the mentioned level and push the price to extend its bearish correction towards 0.6934 in the upcoming period.
Therefore, the bearish trend will remain expected on the intraday and short term basis, noting that breaching 0.7108 followed by 0.7185 levels will stop the expected decline and lead the price to regain its main bullish track again.
Expected trading range for today is between 0.6960 support and 0.7100
Expected trend for today: Bearish
AUDUSD crawls downwards – Analysis - 01-05-2018
The AUDUSD pair shows calm negative trades to keep approaching 0.7500 level, and the price falls under continuous negative pressure coming by the EMA50, waiting to push the price to break the mentioned level and open the way to extend the bearish wave towards 0.7370.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.7650 and holding above it.
Expected trading range for today is between 0.7460 support and 0.7600
Expected trend for today: Bearish
Brent oil achieves strong gains – Analysis - 01-05-2018
Brent oil price rallied upwards strongly yesterday after leaning on 73.58, to reach the thresholds of the first waited target at 76.60, reinforcing the expectations of achieving more gains in the upcoming period, as our next target is located at 78.00.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 73.58 will push the price to test 71.50 areas before any new attempt to rise.
Expected trading range for today is between 74.00 support and 77.50 resistance.
Expected trend for today: Bullish
Crude oil recovers – Analysis - 01-05-2018
Crude oil price ended yesterday’s trading with strong positivity above the bullish pennant’s resistance that appears on the chart, which supports the chances of continuing the main bullish trend, supported by the EMA50, and the price needs to surpass the bullish channel’s resistance to confirm opening the way to achieve our positive targets that start at 70.00 followed by 71.00.
Thus, the bullish trend will be suggested in the upcoming sessions unless breaking 67.70 level and holding with a daily close below it.
Expected trading range for today is between 67.50 support and 71.00 resistance.
Expected trend for today: Bullish