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The NZDUSD begins negatively – Analysis - 06-10-2021
The NZDUSD pair opens today’s trading with clear negativity after approaching 0.6990 level, to keep the bearish trend scenario valid and active, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 0.6890 and extend to 0.6805 after breaking the previous level.
Stochastic negativity adds more support to the suggested negative scenario, which will remain valid unless breaching 0.6990 level and holding above it.
The expected trading range for today is between 0.6860 support and 0.6975 resistance
The expected trend for today: Bearish
The AUDUSD keeps its negative stability – Analysis - 06-10-2021
The AUDUSD pair resumes its negative trading by today’s open after consolidating below 0.7290 level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to break 0.7245 to ease the mission of heaing towards our next main target at 0.7170.
MoreBrent oil price achieves the full targets – Analysis - 06-10-2021
Brent oil price succeeded to achieve our extended target at 82.70, noticing that the price bounced bearishly from there to head towards potential visit to the bullish channel’s support line that appears on the chart, making the bearish trend suggested in the upcoming sessions, supported by stochastic negativity.
MoreCrude oil price hits the target – Analysis - 06-10-2021
Crude oil price begins to rebound bearishly after touching the main bullish channel’s resistance, which hints heading to start bearish wave on the intraday basis, targeting 77.85 followed by 76.65 as first negative stations, noting that breaking the last level will extend the bearish wave to reach 74.35.
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