|
The NZDUSD keeps its negative stability – Analysis - 12-03-2020
The NZDUSD pair shows bearish bias by today’s opening after testing the bearish channel’s resistance that appears on the chart, waiting for more decline in the upcoming sessions, which targets 0.6190 level initially.
The EMA50 presses negatively on the price to support the chances of achieving more decline, reminding you that holding below 0.6324 is important to achieve the waited targets.
The expected trading range for today is between 0.6170 support and 0.6324
The expected trend for today: Bearish
Thanks for your feedback.
The AUDUSD resumes the decline – Analysis - 12-03-2020
The AUDUSD pair resumes its negative trading to approach the bearish channel’s support line that represents our first waited target at 0.6430, expecting the continuation of the negative pressure to achieve more negative targets that extend to 0.6230.
MoreBrent oil price retraces – Analysis - 12-03-2020
Brent oil price traded with strong negativity by today’s opening, and by looking at the minor image, we find that the price made a bearish correction for the last bullish wave that start from 31.57 areas, as it leaned on 61.8% Fibonacci correction level to start recovering now, which hints the price is on its way to achieve intraday gains today.
MoreCrude oil price begins with strong negativity – Analysis - 12-03-2020
Crude oil price opens today’s trading with strong decline to touch 31.07 level that represents 61.8% Fibonacci correction for the last rise, measured from 27.67 to 36.58, noticing that the price begins to recover now, hinting the price head to resume the intraday bullish track, which targets testing 38.04 level initially.
More