The NZDUSD keeps its positive stability – Analysis - 25-11-2022
The NZDUSD pair attempted to break 0.6240 level but it kept the stability of the daily close above it, to keep the bullish trend scenario active for the upcoming period, organized inside the bullish channel that appears on the chart, waiting to head towards our positive targets that start at 0.6315 and extend to 0.6385.
Stochastic negativity might cause some temporary sideways fluctuation before resuming the expected rise, reminding you that it is important to hold above 0.6240 to continue the bullish trend.
The expected trading range for today is between 0.6210 support and 0.6330 resistance
The expected trend for today: Bullish
The AUDUSD faces solid resistance – Analysis - 25-11-2022
The AUDUSD pair hovers around 0.6767 level since yesterday and finds difficulty to breach it, starting new attempts to breach it today, to support the continuation of the expected bullish trend on the intraday and short term basis, reminding you that our next target reaches 0.6900.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.6725.
The expected trading range for today is between 0.6725 support and 0.6850 resistance
The expected trend for today: Bullish
Brent oil price records higher low – Analysis - 25-11-2022
Brent oil price shows positive trades to hint heading to recover in the upcoming sessions, as we suggest witnessing more bullish bias in the upcoming sessions, targeting testing 89.25 initially.
Therefore, the bullish trend will be expected for today, noting that breaking 84.20 followed by 83.57 levels will stop the suggested rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 84.30 support and 88.00 resistance.
The expected trend for today: Bullish
Crude oil price begins bullish wave – Analysis - 25-11-2022
Crude oil price ended yesterday positively to surpass the sideways range’s resistance that dominated the recent trades, to hint the beginning of bullish wave on the intraday basis, targeting visiting the bearish channel’s resistance line that appears on the chart, located at 82.60.
Therefore, we expect to witness more rise in the upcoming sessions, taking into consideration that breaking 78.00 and holding below it will stop the suggested positive scenario and press on the price to resume the main bearish trend again.
The expected trading range for today is between 77.00 support and 80.50 resistance.
The expected trend for today: Bullish