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The USDCHF approaches the target – Analysis - 17-08-2022
The USDCHF pair provided more bullish bias to approach our waited target at 0.9530, and it is important to monitor the price at this level, as breaching it will lead the price to achieve additional gains that reach 0.9630.
Until now, the bullish trend scenario still active, taking into consideration that breaking 0.9475 will stop the suggested rise and press on the price to decline towards 0.9400 initially.
The expected trading range for today is between 0.9440 support and 0.9560 resistance.
The expected trend for today: Bullish
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The NZDUSD tests the resistance – Analysis - 17-08-2022
The NZDUSD pair showed sudden rise by today’s open to test 0.6380 level, but it bounced bearishly again, to keep the bearish trend scenario active for the upcoming period, waiting to surpass 0.6320 to head towards 0.6260 that represents our next target.
MoreThe AUDUSD reaches the target – Analysis - 17-08-2022
The AUDUSD pair resumes its negative trading by today’s open to reach the thresholds of 0.6980 level, and we expect the continuation of the negative pressure to break this level and open the way to visit 0.6960 followed by 0.6910 levels as next negative stations.
MoreBrent oil price hits the first target – Analysis - 17-08-2022
Brent oil price succeeded to achieve our first extended target at 94.00 and settles near it, and we suggest the continuation of the negative pressure to surpass this level and head towards our next station that reaches 92.00.
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