|
The NZDUSD attempts to breach – Analysis - 11-09-2023
The NZDUSD pair shows bullish bias now to attempt to surpass 0.5900 level, but we notice that the EMA50 forms negative pressure against the price, which might push the price to decline again.
Therefore, the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend, noting that the continuation of the rise and breaching 0.5925 will push the price to achieve additional gains that reach 0.6020, while trading below 0.5900 again will push the price to resume the bearish track that its targets begin at 0.5820 and extend to 0.5750.
The expected trading range for today is between 0.5850 support and 0.5970 resistance
The expected trend for today: Neutral
The AUDUSD begins positively – Analysis - 11-09-2023
The AUDUSD pair trades positively by today’s open to attack 0.6400 level and attempts to hold above it, to hint heading to recover and achieve gains on the intraday basis, but it faces negative factors that might push the price to decline again.
MoreBrent oil price attempts to recover – Analysis - 11-09-2023
Brent oil price provided additional positive trades to approach 91.50 level, but it returned to decline to attempt to resume the expected bearish correction on the intraday basis, motivated by the negative overlapping signal provided by stochastic now, reminding you that the first target is located at 89.25.
MoreCrude oil price records the third high – Analysis - 11-09-2023
Crude oil price continued to rise to reach the thresholds of the recently recorded high at 88.18, and bounced bearishly to head towards resuming the expected correctional bearish trend on the intraday basis after recording the third lower high as appears on the chart, waiting to visit 85.75 initially, noting that breaking this level will push the price to 84.25 direct.
More