The NZDUSD surpasses the first target – Analysis - 23-09-2021
The NZDUSD pair managed to break 0.6990 and attempts to hold below it, reinforcing the expectations of continuing the correctional bearish trend, which targets 0.6945 as a next station.
Therefore, we expect to witness more decline on the intraday basis, organized inside the bearish channel that appears on the chart, noting that it is important to hold below 0.7030 and 0.7084 levels to continue the expected decline.
The expected trading range for today is between 0.6930 support and 0.7030 resistance
The expected trend for today: Bearish
The AUDUSD begins to break – Analysis - 23-09-2021
The AUDUSD pair tested the intraday bearish channel’s resistance again and bounced downwards strongly to start the attempts to break 0.7225 level now, which supports the continuation of the expected bearish trend scenario for the upcoming period, which targets 0.7100 as a next station.
The EMA50 supports the suggested decline, which its continuation conditions holding below 0.7285.
The expected trading range for today is between 0.7160 support and 0.7260 resistance
The expected trend for today: Bearish
Brent oil price achieves good gains – Analysis - 23-09-2021
Brent oil price opens today’s trading with new bullish rally to surpass 76.00 barrier, reinforcing the expectations of achieving more gains in the upcoming period, and the way is open to visit 77.80 level that represents our next main target.
Therefore, the bullish trend scenario will remain valid and active supported by the EMA50, reminding you that it is important to hold above 74.70 to continue the expected rise.
The expected trading range for today is between 75.00 support and 78.00 resistance.
The expected trend for today: Bullish
Crude oil price keeps rising – Analysis - 23-09-2021
Crude oil price shows more bullish bias to surpass 72.00 barrier and settles above it, which supports the expectations of continuing the bullish trend, which targets 73.30 as a next station, noting that the EMA50 protects trades inside the bullish channel that appears on the chart, to support the chances of surpassing the mentioned level and extend the bullish wave towards 75.00 areas on the near term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 71.05 and holding below it.
The expected trading range for today is between 71.05 support and 74.00 resistance.
The expected trend for today: Bullish