The NZDUSD keeps its positive stability – Analysis - 18-02-2021
The NZDUSD pair provided more negative trades yesterday and approached 0.7150 level, but it bounced upwards to keep the continuation of the recently suggested positive scenario, waiting to head towards 0.7315 that represents the next main target.
Therefore, the bullish trend will remain valid and active for the upcoming period unless breaking 0.7150 and holding below it.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bullish
The AUDUSD resumes the rise – Analysis - 18-02-2021
The AUDUSD pair bounced bullishly after retesting the previously breached resistance line, supported by the EMA50, waiting for more rise to visit 0.7820 as a first main target, reminding you that breaching this level will extend the bullish wave to reach 0.7915.
On the other hand, we should note that breaking 0.7725 followed by 0.7685 levels will stop the expected rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 0.7700 support and 0.7820 resistance
The expected trend for today: Bullish
Brent oil price approaches the target – Analysis - 18-02-2021
Brent oil price opens today’s trading with new strong rise to approach our waited positive target at 66.00, and we expect the continuation of the bullish wave on the short term and medium term basis to target 67.55 as a next main station.
Therefore, the bullish trend scenario will remain valid for the upcoming period, supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, noting that breaking 64.45 will stop the bullish rally and press on the price to achieve some temporary bearish correction before turning back to rise again.
The expected trading range for today is between 64.00 support and 66.50 resistance.
The expected trend for today: Bullish
Crude oil price achieves new gains – Analysis - 18-02-2021
Crude oil price traded with strong positivity yesterday, and it touched 62.00$ barrier by today’s open, which supports the continuation of the main bullish trend scenario, organized inside the bullish channels that appear on the chart, waiting for more rise that its next main target located at 63.35.
Therefore, we expect witnessing more bullish bias in the upcoming sessions supported by the EMA50, noting that holding above 59.75 is important to achieve the waited targets.
The expected trading range for today is between 60.50 support and 63.35 resistance.
The expected trend for today: Bullish