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The NZDUSD surpasses the negative target – Analysis - 03-08-2022
The NZDUSD pair achieved more decline yesterday to surpass the suggested negative target at 0.6257 and settles below it, but it begins today with clear positivity to hint the attempt to regain the correctional bullish trend, to stay aside until the price confirms its situation according to the mentioned level, which represents the next trend key.
Note that breaching 0.6257 will push the price to resume the bullish wave and achieve gains that start at 0.6320 extend to 0.6380, while failing to breach it will put the price under additional negative pressure that targets 0.6180 areas initially.
The expected trading range for today is between 0.6180 support and 0.6310 resistance
The expected trend for today: Neutral
The AUDUSD consolidates above the key support – Analysis - 03-08-2022
The AUDUSD pair continued to decline to reach 0.6910 level, noticing that the price begins today with clear positivity to hint resuming the correctional bullish trend, to suggest the bullish bias in the upcoming sessions, targeting 0.6980 followed by 0.7050 levels as next main stations.
MoreBrent oil price achieves temporary gains – Analysis - 03-08-2022
Brent oil price rallied upwards strongly yesterday to breach the bearish channel’s resistance and achieve intraday gains that reached 106.45, but it returns to decline and fluctuate around the mentioned channel’s resistance, as it falls under continuous negative pressure coming by the EMA50, to support the chances of resuming the main bearish trend, waiting to test 102.25 initially.
MoreCrude oil price attempts to recover – Analysis - 03-08-2022
Crude oil price traded with clear positivity yesterday to breach the bearish channel’s resistance and reach the EMA50, which forms solid resistance that forced the price to decline again, which makes us suggest resuming the negative trades and attempts to return to the main bearish channel again, to head towards achieving negative targets that reach 89.60.
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