The NZDUSD awaits the breach – Analysis - 21-09-2020
The NZDUSD pair continues the attempts to breach 0.6788 level, noting that stochastic approaches the oversold areas, waiting to motivate the price to achieve the required breach and open the way to rally towards 0.6900 that represents our next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6710.
The expected trading range for today is between 0.6730 support and 0.6850
The expected trend for today: Bullish
The AUDUSD is stable – Analysis - 21-09-2020
The AUDUSD pair keeps its stability above the bullish channel’s support line that appears on the chart, noticing that stochastic begins overlapping positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.7413 level initially.
The EMA50 supports the expected rise, which its continuation requires holding above 0.7250.
The expected trading range for today is between 0.7260 support and 0.7400
The expected trend for today: Bullish
Brent oil price keeps its positive stability – Analysis - 21-09-2020
Brent oil price tested the key support 43.00 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, and the price needs to breach 43.84 to confirm opening the way to continue rising on the intraday and short term basis, as our next target reaches 44.87.
The EMA50 keeps supporting the price from below to support the positive overview, which will remain valid conditioned by the price stability above 43.00.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
Crude oil price within a positive pattern – Analysis - 21-09-2020
Crude oil price’s recent trades are confined within bullish flag pattern, thus, the price needs to breach 41.20 to activate the positive effect of this pattern and confirm rallying towards achieving more gains in the upcoming sessions, as our next positive targets located at 41.85 followed by 43.05.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, taking into consideration that the continuation of the bullish wave requires holding above 40.30.
The expected trading range for today is between 40.00 support and 42.50 resistance.
The expected trend for today: Bullish