The USDCHF achieves intraday gains – Analysis - 22-03-2021
The USDCHF pair provided additional positive trades to test the most important resistance at 0.9318, noticing that the price keeps its stability below this level until now, which keeps the bearish trend scenario valid for the upcoming period, which its targets begin at 0.9256 and extend to 0.9180.
Note that breacing 0.9318 will push the price to resume the main bullish trend and achieve new gains that reach 0.9400.
The expected trading range for today is between 0.9220 support and 0.9320 resistance.
The expected trend for today: Bearish
The NZDUSD within tight track – Analysis - 22-03-2021
The NZDUSD pair shows sideways and tight trades and settles around 0.7155, thus, no change to the recently suggested bearish trend scenario, which its first target located at 0.7100, noting that breaking this level will push the price to 0.7000 as a next station, while holding below 0.7260 represents key condition to achieve the suggested targets.
The expected trading range for today is between 0.7080 support and 0.7200 resistance
The expected trend for today: Bearish
The AUDUSD keeps its negative stability – Analysis - 22-03-2021
The AUDUSD pair keeps its stability below 0.7765, to keep the negative pressure valid for the upcoming period, supported by moving below the EMA50, waiting to head towards 0.7615 initially.
On the other hand, we should note that breaching 0.7765 and holding above it will stop the suggested negative scenario and push the price to test 0.7900 areas initially.
The expected trading range for today is between 0.7670 support and 0.7770 resistance
The expected trend for today: Bearish
Brent oil price recovers some losses – Analysis - 22-03-2021
Brent oil price bounced upwards strongly after finding solid support at 62.35, to reach the thresholds of 65.00 barrier, getting positive support by stochastic, but the EMA50 forms good resistance barrier that blocks the attempts to achieve more rise, which might press on the price to decline again.
Therefore, we recommend staying neutral until the price confirms its next destination clearly, noting that breaching 64.65 will push the price to continue the rise and head towards 66.50 as a next positive target, while breaking 63.65 will press on the price to decline again and head towards 62.95 followed by 62.35 levels initially.
The expected trading range for today is between 62.95 support and 65.50 resistance.
The expected trend for today: Neutral