The NZDUSD achieves clear gains – Analysis - 13-11-2019
The NZDUSD pair opens today’s trading with strong rise affected by the RBNZ decision to raise the rate by 0.25 point, which pushed the price to breach 0.6340 and reach 0.6426 areas again, noting that we expect the end of the positive effect now and return to decline to resume the bearish trend again, waiting to test 0.6340 level initially.
Therefore, the bearish bias will be suggested for today, taking into consideration that the continuation of the rise and breaching 0.6426 will lead the price to achieve additional gains that start at 0.6495 and extend to 0.6565.
The expected trading range for today is between 0.6320 support and 0.6440
The expected trend for today: Bearish
The AUDUSD is stable – Analysis - 13-11-2019
The AUDUSD pair settles at the EMA50, and as long as the price is below 0.6895, our bearish overview will remain valid for today, as breaching this level will push the price to achieve intraday gains that reach 0.7015, while the suggested bearish wave targets located at 0.6825 followed by 0.6755.
The expected trading range for today is between 0.6780 support and 0.6880
The expected trend for today: Bearish
Brent oil price resumes the decline – Analysis - 13-11-2019
Brent oil price bounced bearishly after testing 62.50 level yesterday, to keep the bearish trend scenario valid and active for the upcoming sessions, reminding you that our main waited target is located at 59.60.
Note that breaking 60.50 is required to confirm the continuation of the expected decline, while its continuation conditions the stability of the daily close below 62.50.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish
Crude oil price keeps its negative stability – Analysis - 13-11-2019
Crude oil price kept its stability below 57.40 level after testing it again yesterday, and begins to press on the EMA50 now, waiting to surpass this barrier to confirm the continuation of the expected bearish trend for the upcoming period, which targets 56.00 followed by 54.60 levels mainly.
Therefore, we are waiting for more decline today, noting that the continuation of the suggested bearish wave conditions the price stability below 57.40.
The expected trading range for today is between 55.00 support and 57.40 resistance.
The expected trend for today: Bearish