The NZDUSD affected by the positive momentum – Analysis - 15-11-2019
The NZDUSD pair provided slight positive trades after the decline that it witnessed yesterday, as the price is affected by stochastic positivity, while the bearish trend still suggested as long as the price is below 0.6426, waiting to test 0.6340 level initially, reminding you that breaking it will push the price towards 0.6285 followed by 0.6205 levels.
On the other hand, we should note that breaching 0.6426 will lead the price for more bullish correction on the short term basis.
The expected trading range for today is between 0.6320 support and 0.6440
The expected trend for today: Bearish
The AUDUSD needs a negative motive – Analysis - 15-11-2019
The AUDUSD pair fluctuates around 0.6800 level, falling under the negative pressure of the EMA50 after surpassing it previously, which keeps our bearish overview valid for the upcoming period, waiting to visit 0.6730 level mainly.
We remind you that the continuation of the expected bearish trend conditions holding below 0.6895.
The expected trading range for today is between 0.6735 support and 0.6840
The expected trend for today: Bearish
Brent oil price is stable below the resistance – Analysis - 15-11-2019
Brent oil price bounced lower after testing 62.50 level, keeping the bearish trend scenario valid and active on the intraday and short term basis, waiting for more of the bearish bias moves to head to 59.60 level that represents our next main target.
On the other hand, you hould be aware that breaching 62.50 and holding with a daily close above will stop the suggested negative scenario and leads the price to achieve positive targets that reach to 65.40 on the near term basis.
The expected trading range for today is between 60.50 support and 63.20 resistance.
The expected trend for today: Bearish
Crude oil price declines again – Analysis - 15-11-2019
Crude oil price ended yesterday’s trading below 57.40, activating the bearish trend scenario again, and the price needs to break 56.80 level to ease the mission of achieving the expected negative tragets that begin at 55.45 and extend to 54.60.
Therefore, we wait for more of the downside moves for today, being aware that braeching 57.40 and holding above it will stop the suggested negative scenario and leads the pice to achieve new gains that begin at 58.80 and extend to 60.90.
The expected trading range for today is between 54.45 support and 58.80 resistance.
The expected trend for today: Bearish