The USDCHF approaches the target – Analysis - 04-10-2021
The USDCHF pair provided negative trades in the previous sessions to face the EMA50 that forms good support against the price, waiting for more decline to visit 0.9265 that represents the main expected target.
Therefore, we will keep our bearish overview unless the price rallied to breach 0.9345 and hold above it, as this breach will lead the price to resume the main bullish track that its next target located at 0.9400.
The expected trading range for today is between 0.9265 support and 0.9350 resistance.
The expected trend for today: Bearish
The NZDUSD tests new resistance barrier – Analysis - 04-10-2021
The NZDUSD pair traded positively in the previous sessions to test 0.6945 level, consolidating below it until now, facing negative pressure formed by the EMA50, waiting to resume the main bearish trend, which targets 0.6805 as a next main station.
Stochastic negativity supports the expected decline, noting that the continuation of the bearish wave depends on the price stability below 0.6990.
The expected trading range for today is between 0.6860 support and 0.6990 resistance
The expected trend for today: Overall bearish
The AUDUSD achieves additional gains – Analysis - 04-10-2021
The AUDUSD pair surpassed 0.7225 level to reach the bearish channel’s resistance direct, and keeps its stability below it until now, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the main bearish trend, which its next target located at 0.7100.
Therefore, we will keep our bearish overview conditioned by the price stability below 0.7270.
The expected trading range for today is between 0.7200 support and 0.7300 resistance
The expected trend for today: Bearish
Brent oil price is recovering – Analysis - 04-10-2021
Brent oil price rallied upwards strongly to attack 78.95 and attempts to hold above it, which leads the price to resume the main bullish trend again, organized inside the bullish channel that appears on the chart, waiting to test 79.90 level initially.
Breaching the mentioned level will push the price to head towards 82.00 areas as a next main station, taking into consideration that breaking 78.55 will stop the suggested rise and press on the price to test 76.30 areas before any new attempt to rise.
The expected trading range for today is between 77.60 support and 80.50 resistance.
The expected trend for today: Bullish