The NZDUSD gets negative signal – Analysis - 30-08-2022
The NZDUSD pair provided clear positive trades yesterday, but it begins to decline again now, motivated by stochastic negativity, waiting for more decline to visit 0.6060 mainly.
In general, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.6180 and holding above it.
The expected trading range for today is between 0.6080 support and 0.6180 resistance
The expected trend for today: Bearish
The AUDUSD begins negatively – Analysis - 30-08-2022
The AUDUSD pair started today with new decline after testing 0.6910 in the previous sessions, supported by the negative pressure formed by the EMA50, besides the negative signals provided by stochastic, waiting for more decline to visit 0.6825 as a next target.
We remind you that breaking the mentioned level will extend the bearish wave to reach 0.6700 as a next target, while holding below 0.6910 represents the first condition to continue the expected decline.
The expected trading range for today is between 0.6820 support and 0.6920 resistance
The expected trend for today: Bearish
Brent oil price achieves strong gains – Analysis - 30-08-2022
Brent oil price traded with strong positivity yesterday, as it managed to breach 102.25 to achieve our first positive target at 104.60, getting continuous positive support by stochastic, waiting for more rise to head towards 106.35 followed by 109.40 as next positive targets.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 102.10.
The expected trading range for today is between 102.50 support and 106.50 resistance.
The expected trend for today: Bullish
Crude oil price surpasses the first positive target – Analysis - 30-08-2022
Crude oil price rallied upwards strongly yesterday to succeed breaching 94.55 and achieve our first positive target at 95.85, noticing that the price breached this level and settled above it, to confirm the continuation of the correctional bullish trend domination, opening the way to head towards 98.00 followed by 99.60 levels as next positive targets.
Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50 that continues to carry the price from below, noting that the continuation of the bullish wave requires holding above 94.55.
The expected trading range for today is between 94.55 support and 99.00 resistance.
The expected trend for today: Bullish