The NZDUSD within bearish track – Analysis - 02-04-2020
The NZDUSD pair settles below 0.5958 level, to keep the negative pressure dominant on the intraday and short term basis, and the price moves inside bearish channel that supports the chances of achieving more decline in the upcoming sessions, as the first target is located at 0.5842.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 0.5958.
The expected trading range for today is between 0.5840 support and 0.6000
The expected trend for today: Bearish
The AUDUSD breaks the support – Analysis - 02-04-2020
The AUDUSD pair ended yesterday below 0.6097, which puts the price under expected negative pressure in the upcoming period, on its way to test 0.5958 initially, noting that breaking this level will push the price to 0.5787 as a next negative target.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 0.6097 and hold above it again.
The expected trading range for today is between 0.5960 support and 0.6160
The expected trend for today: Bearish
Brent oil price attacks the channel’s resistance – Analysis - 02-04-2020
Brent oil price started today with bullish bias to breach the bullish channel’s resistance and settles above it, which might push the price to achieve some temporary intraday gains before resuming the main bearish trend, while stochastic shows negative signals now to support the chances of bouncing bearishly and return to the mentioned channel.
Therefore, we will keep our overall bearish overview conditioned by the price stability below 27.60, noting that breaking 25.75 is required to ease the mission of heading towards our first main target at 24.60, which breaking it represents the key to rally towards 22.40 on the near term basis.
The expected trading range for today is between 24.00 support and 27.60 resistance.
The expected trend for today: Bearish
Crude oil price attempts to recover – Analysis - 02-04-2020
Crude oil price found solid support at 20.00$ barrier, to trade positively and reach 21.50, noticing that the price moves within sideways track recently, and it might test this range’s resistance before turning back to decline again.
In general, we will continue to suggest the overall bearish trend unless the price continued to rise to breach 21.85 and settle above it, noting that our main waited targets begin at 20.00 and extend to 19.00.
The expected trading range for today is between 19.00 support and 22.50 resistance.
The expected trend for today: Bearish