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The NZDUSD price needs positive momentum – Forecast today - 06-02-2025
The NZDUSD price provides more positive trades after surpassing the EMA50, waiting to test 0.5738$ as a next main target, which represents 23.6% Fibonacci correction level for the entire decline from 0.6377$ to 0.5540$, which means that breaching it will extend the bullish wave to reach 0.5860$ as a next positive station.
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The AUDUSD price crawls upwards – Forecast today - 06-02-2025
The AUDUSD price continues to rise to gradually approach our waited target at 0.6320$, being aware that it is important to monitor the price at this level due to its importance to determine the next trend, as breaching it represents the key to achieve more bullish correction and target 0.6440$ areas on the near-term basis.
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Brent oil price completes the negative pattern – Forecast today - 06-02-2025
Brent oil price broke 75.66$ level clearly and closed the daily candlestick below it, to complete forming the head and shoulders’ pattern and get negative motive that supports the continuation of the expected bearish trend on the intraday and short-term basis, and we believe that the way is open to achieve our next target at 74.00$.
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Crude oil price surpasses the support – Forecast today - 06-02-2025
Crude oil price confirmed breaking 72.30$ after ending yesterday below it, to support the continuation of the expected bearish trend on the intraday and short-term basis, opening the way to achieve our new negative targets that start at 71.20$ and extend to 70.30$.
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