The NZDUSD needs positive motive – Analysis - 31-12-2019
The NZDUSD pair hovers around 0.6730 level since yesterday, waiting for more rise that moves organized inside the bullish channel that appears on the chart, noting that our expected targets begin at 0.6745 followed by 0.6790.
Therefore, we will keep our positive scenario for the upcoming sessions conditioned by the price stability above 0.6655.
The expected trading range for today is between 0.6680 support and 0.6790
The expected trend for today: Bullish
The AUDUSD touches the target – Analysis - 31-12-2019
The AUDUSD pair succeeded to achieve our waited target at 0.7015 and settled there, noting that the EMA50 continues to support the price from below, to reinforce the chances of breaching the mentioned level and extend the correctional bullish wave on the short term basis, reminding you that the next target reaches 0.7230.
Therefore, the bullish bias will remain expected for the upcoming period, reminding you that failing to breach the current areas will force the price to rebound bearishly and visit areas that reach 0.6785 initially.
The expected trading range for today is between 0.6970 support and 0.7050
The expected trend for today: Bullish
Brent oil price gathers the positive momentum – Analysis - 31-12-2019
Brent oil price rose clearly yesterday to test 67.50 areas, but it declines and settles around 66.50 now, as the price affected by stochastic negativity, which approaches the oversold areas now, waiting to motivate the price to resume the bullish trend that targets 68.95 level mainly.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 65.40 level and holding below it, noting that the EMA50 supports the suggested bullish wave.
The expected trading range for today is between 65.40 support and 68.50 resistance.
The expected trend for today: Bullish
Crude oil price tests the support – Analysis - 31-12-2019
Crude oil price provided mixed trades yesterday, as it tested the key support 60.90 and bounced bullishly to settle around 61.50, which keeps the bullish trend scenario valid for the upcoming period, supported by the EMA50, organized inside the bullish channel that appears on the chart, reminding you that our main waited targets begin at 62.40 followed by 63.10.
We should note that breaking 60.90 will stop the expected rise and press on the price to test 59.40 areas initially before any new positive attempt.
The expected trading range for today is between 60.50 support and 63.00 resistance.
The expected trend for today: Bullish