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NZDUSD within continuation pattern – Analysis - 06-03-2018
The NZDUSD pair’s recent trades are confined within bearish pennant pattern that its signs appear on the chart, which means that breaking 0.7215 will motivate the price to continue the correctional bearish trend and break 0.7185 level to push trading towards 0.7107 as a next main station.
The EMA50 forms continuous negative pressure against the price, while stochastic loses its bullish momentum clearly, thus, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, reminding you that holding below 0.7281 is important to achieve the suggested targets.
Expected trading range for today is between 0.7150 support and 0.7300
Expected trend for today: Bearish
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AUDUSD tests the moving average – Analysis - 06-03-2018
The AUDUSD pair provides some positive trading to test the EMA50 now, accompanied by stochastic reach to the overbought areas now, forming negative factor that we are waiting to push the price to resume the bearish bias again, as the bearish trend still valid until now, depending on the stability below 0.7818 level.
MoreBrent oil heads towards the second target – Analysis - 06-03-2018
Brent oil price managed to breach 65.40 level and closed the daily candlestick above it, which adds more confirmation to the continuation of the bullish trend on the intraday and short term basis, waiting to visit 66.54 level as a next target, which breaching it represents the key to head towards 67.68 direct.
MoreCrude oil breaches the first target – Analysis - 06-03-2018
Crude oil price succeeded to touch our first waited target at 62.65 and moves above it now, which supports the continuation of our bulilhs overview efficiently on the intraday and short term basis, paving the way to head towards our next target that reaches 64.20.
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