The NZDUSD faces solid support – Analysis - 07-07-2022
The NZDUSD pair shows some slight bullish bias now, affected by stochastic positivity, and it might head to test the bearish channel’s resistance around 0.6250 before turning back to decline again.
Until now, the bearish trend scenario will remain active unless the price rallied to breach 0.6250 and hold above it, reminding you that we are waiting to visit 0.6100 as a next main station.
The expected trading range for today is between 0.6100 support and 0.6210 resistance
The expected trend for today: Bearish
The AUDUSD begins positively – Analysis - 07-07-2022
The AUDUSD pair traded with clear positivity by today’s open to approach the first key resistance 0.6830, and it might continue rising to test the bearish channel’s resistance around 0.6870, noticing that the EMA50 meets the mentioned resistance to add more strength to it, waiting to resume the main bearish trend that its next target reaches 0.6700.
On the other hand, we should note that breaching 0.6870 will stop the negative scenario and lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 0.6760 support and 0.6860 resistance
The expected trend for today: Bearish
Brent oil price hits the extended negative target – Analysis - 07-07-2022
Brent oil price managed to touch our waited target at 98.85 and found solid support there, to show positive trades by today’s open, waiting to get negative motive that assist to push the price to decline again, to break the mentioned level and open the way to extend the bearish wave towards 95.45 as a next main target.
On the other hand, we should note that continuing the rise and breaching 101.20 will stop the suggested negative scenario and lead the price to achieve additional gains that reach 105.05.
The expected trading range for today is between 97.00 support and 102.50 resistance.
The expected trend for today: Bearish
Crude oil price begins positively – Analysis - 07-07-2022
Crude oil price opens today’s trading with clear positivity to test 97.00 barrier, and it might continue the rise to test the resistance line formed at 98.95 after breaking it previously before turning back to resume the main bearish track, as the price is affected by stochastic positivity.
In general, we will continue to suggest the overall bearish trend conditioned by the price stability below 98.95, organized inside the bearish channel that appears on the chart, noting that our next negative targets start at 92.80 and extend to 89.80.
The expected trading range for today is between 93.00 support and 98.95 resistance.
The expected trend for today: Overall bearish