The NZDUSD surpasses the target – Analysis - 25-02-2021
The NZDUSD pair succeeded to achieve our waited target at 0.7400 and breached it to close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the short term and medium term basis, paving the way to head towards 0.7560 as a next main target.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 0.7375 and holding below it.
The expected trading range for today is between 0.7380 support and 0.7500 resistance
The expected trend for today: Bullish
The AUDUSD resumes the rise – Analysis - 25-02-2021
The AUDUSD pair traded with clear positivity to approach our waited target at 0.8000, to keep the bullish trend scenario active for the upcoming period, noting that surpassing the mentioned level will extend the bullish wave to reach 0.8120 as a next target.
On the other hand, we should note that the continuation of the bullish wave requires holding above 0.7915.
The expected trading range for today is between 0.7915 support and 0.8040 resistance
The expected trend for today: Bullish
Brent oil price reaches the extended target – Analysis - 25-02-2021
Brent oil price succeeded to reach few pips away from our waited target at 67.45, showing sideways trades now to settle above 67.00 barrier, waiting to gather positive momentum that assists to push the price to continue the rise, noting that our next target reaches 68.75.
The EMA50 keeps supporting the expected bullish trend, which will remain valid conditioned by the price stability above 65.80.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
Crude oil price achieves good gains – Analysis - 25-02-2021
Crude oil price achieved additional rise yesterday to surpass 63.00 barrier and settles above it, which supports the continuation of the bullish trend expectations on the intraday and short term basis, noting that our next target reaches 65.60.
The bullish channels that appear on the chart support the continuation of the suggested positive scenario, which gets continuous support by the EMA50, noting that breaking 62.40 will put the price under temporary negative pressure that targets testing 60.40 areas before attempting to rise again.
The expected trading range for today is between 62.00 support and 65.00 resistance.
The expected trend for today: Bullish