The USDCHF approaches the target – Analysis - 21-11-2023
The USDCHF pair shows more bearish bias to approach our first target at 0.8810, reminding you that the price is affected by double top pattern that supports the chances of breaking this level followed by extending the bearish wave to reach 0.8710 as a next main station.
Therefore, the bearish trend scenario will remain valid and active on the intraday and short-term basis, supported by stochastic negativity that appears now, reminding you that it is important to hold below 0.8888 to continue the expected decline.
The expected trading range for today is between 0.8750 support and 0.8890 resistance.
The expected trend for today: Bearish
The NZDUSD begins with clear positivity – Analysis - 21-11-2023
The NZDUSD pair opens today’s trading with strong positivity to move away from 0.6020 level, reinforcing the expectations of continuing the bullish trend, approaching the first positive target at 0.6090, and we suggest surpassing this level to visit 0.6140 as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 0.6020 and holding with a daily close below it.
The expected trading range for today is between 0.6020 support and 0.6130 resistance
The expected trend for today: Bullish
The AUDUSD confirms the breach – Analysis - 21-11-2023
The AUDUSD pair confirmed breaching 0.6545 level after closing the daily candlestick above it, to support the continuation of the expected bullish trend on the intraday and short-term basis, and the way is open to achieve our positive targets that start at 0.6605 and extend to 0.6660.
Holding above 0.6545 is important to achieve the suggested targets, noting that the EMA50 continues to support the expected bullish wave.
The expected trading range for today is between 0.6540 support and 0.6640 resistance
The expected trend for today: Bullish
Brent oil price hits the first target – Analysis - 21-11-2023
Brent oil price resumed its positive trading clearly to succeed achieving our first waited target at 82.25, and we suggest the continuation of the bullish bias to visit 83.87 as a next main target, supported by moving above the EMA50.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the positive trades, which will remain valid unless breaking 81.00 and holding below it.
The expected trading range for today is between 81.20 support and 84.20 resistance.
The expected trend for today: Bullish