The USDCHF achieves the first target – Analysis - 09-08-2022
The USDCHF pair resumed its negative trades strongly to achieve our first waited target at 0.9530 and settles around it, waiting to get negative motive that assists to push the price to break this level and extend the bearish wave to target 0.9400 areas on the near term absis.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9630 and holding above it.
The expected trading range for today is between 0.9470 support and 0.9600 resistance.
The expected trend for today: Bearish
The NZDUSD is recovering – Analysis - 09-08-2022
The NZDUSD pair confirmed breaching 0.6257 and holds above it, to reactivate the bullish trend scenario and heads to achieve additional gains on the intraday basis, on its way to visit 0.6320 followed by 0.6380 levels as next positive stations.
Therefore, the bullish trend will be expected for the upcoming sessions unless breaking 0.6257 and holding below it.
The expected trading range for today is between 0.6240 support and 0.6340 resistance
The expected trend for today: Bullish
The AUDUSD hits the first target – Analysis - 09-08-2022
The AUDUSD pair managed to touch our first waited target at 0.6980 and settles around it, waiting for more rise to head towards 0.7050 that represents our next target, supported by moving above the EMA50.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.6910 and holding below it.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price achieves some gains – Analysis - 09-08-2022
Brent oil price shows positive trades to approach testing 100.00$ barrier, while the price continues to move inside the main bearish channel, and the EMA50 meets this channel’s resistance to add more strength to it, while stochastic loses its positive momentum to reach the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 97.85 to ease the mission of heading towards 95.90 followed by 90.45 levels, noting that holding below 100.70 is important to continue the expected decline.
The expected trading range for today is between 96.00 support and 101.00 resistance.
The expected trend for today: Bearish