The NZDUSD resumes the bullish wave – Analysis - 26-01-2023
The NZDUSD pair returns to rise after approaching the bullish channel’s support line, to resume the main bullish wave, motivated by the positive signal provided by stochastic now, waiting to surpass 0.6510 to confirm extending the bullish wave towards 0.6600.
On the other hand, we should note that breaking 0.6445 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.6435 support and 0.6550 resistance
The expected trend for today: Bullish
The AUDUSD keeps rising – Analysis - 26-01-2023
The AUDUSD pair shows more bullish bias to approach our new target at 0.7135, and we suggest the continuation of the bullish trend to achieve additional gains that reach 0.7200.
Therefore, our bullish overview will remain valid and active, supported by the EMA50 that continues to carry the price from below, noting that it is important to hold above 0.7060 to continue the suggested rise.
The expected trading range for today is between 0.7070 support and 0.7200 resistance
The expected trend for today: Bullish
Brent oil price gets a negative signal – Analysis - 26-01-2023
Brent oil price continues to fluctuate within sideways track, settling around 86.00 level, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish wave on the intraday basis, which its targets begin at 85.10 and extend to 83.70 after breaking the previous level.
Therefore, our bearish overview will remain valid unless breaching 86.90 and holding above it.
The expected trading range for today is between 84.30 support and 87.50 resistance.
The expected trend for today: Bearish
Crude oil price loses momentum – Analysis - 26-01-2023
Crude oil price provided sudden positive trades yesterday to retest the broken support of the bullish channel, and it kept its stability below it, to resume the negative attempts by today’s open, which keeps the bearish trend scenario valid on the intraday basis, supported by stochastic loss to the positive momentum, waiting to test 78.95 level initially.
We remind you that breaking the mentioned level will push the price to 77.25 as a next negative target, while the expected decline will remain valid conditioned by the price stability below 80.80.
The expected trading range for today is between 78.50 support and 81.60 resistance.
The expected trend for today: Bearish