|
The NZDUSD completes negative pattern – Analysis - 13-09-2023
The NZDUSD pair faced negative pressure to break 0.5900 and attempts to hold below it, and by taking a deeper look at the chart, we find that the price completed forming bearish flag pattern represented by the minor bullish channel that appears on the chart, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 0.5800 followed by 0.5750 levels as next main targets.
Therefore, we expect to witness negative trades on the intraday basis, unless breaching 0.5900 and holding above it again.
The expected trading range for today is between 0.5835 support and 0.5935 resistance
The expected trend for today: Bearish
Thanks for your feedback.
The AUDUSD presses on the support – Analysis - 13-09-2023
The AUDUSD pair faced solid resistance at 0.6450 that hindered the mission to rise, to trade negatively now and press on the key support 0.6400, which hints heading to resume the bearish track again, but we prefer to stay aside until the price confirms its situation according to the mentioned support to detect the next destination clearly.
MoreBrent oil price confirms the breach – Analysis - 13-09-2023
Brent oil price continued to rise to breach 91.50 level clearly and settles above it, which leads the price to continue the rise on the intraday and short-term basis, organized by the bullish channel that appears on the chart, noting that the next target reaches 94.25.
MoreCrude oil price resumes the bullish track – Analysis - 13-09-2023
Crude oil price confirmed breaching 88.18 after closing the daily candlestick above it, to resume the main bullish trend, organized inside the bullish channels that appear on the chart, waiting to visit 90.00 as a next station, noting that breaching this level will push the price to 91.65 as a next main target.
More