The NZDUSD gets the positive momentum – Analysis - 22-05-2020
The NZDUSD pair shows sideways trading and settles above 0.6100 barrier, noticing that stochastic reaches the oversold levels, which supports the continuation of our bullish trend expectations, pointing that our next station is located at 0.6216.
You should be aware that breaking 0.6073 will stop the suggested rise and pushes the price to decline again.
The expected trading range for today is between 0.6080 support and 0.6216
The expected trend for today: Bullish
The AUDUSD gathers the positive momentum – Analysis - 22-05-2020
The AUDUSD pair fluctuates in sideways track in the last sessions, and the price keeps moving within the bullish channel that appears in the image, while the EMA50 keeps supporting the price from below.
Therefore, our bullish trend expectations will remain valid for today, conditioned by holding above 0.6490 level, reminding you that our main waited target is located at 0.6685.
The expected trading range for today is between 0.6500 support and 0.6650
The expected trend for today: Bullish
Brent oil price keeps its positive stability – Analysis - 22-05-2020
Brent oil price tested 36.00 level and kept its stability above it, noticing that stochastic provides a positive overlapping signal, which supports the chances for resuming the expected bullish trend in the upcoming period, and its next target at 38.25.
The EMA50 supports the price from below to reinforce the positive scenario, which will remain valid and active conditioned by the price stability above 35.45.
The expected trading range for today is between 35.00 support and 38.00 resistance.
The expected trend for today: Bullish
Crude oil price negotiates the channel’s support – Analysis - 22-05-2020
Crude oil price begins today with slight bearish bias, to press on the minor bullish channel’s support, while the EMA50 keeps providing positive support for the price, to protect the suggested positive scenario in our last reports, which targets 36.50 level as a next main station.
Therefore, we will keep preferring the bullish trend for today, being aware that breaking 32.65 will stop the suggested bullish trend and presses on the price to begin a bearish correction on the intraday basis.
The expected trading range for today is between 32.30 support and 36.00 resistance.
The expected trend for today: Bullish