The USDCHF approaches the target – Analysis - 16-06-2022
The USDCHF pair provided additional positive trades to approach our main waited target at 1.0064, but it bounced bearishly to settle around 0.9950, noticing that stochastic gains the positive momentum clearly, while the EMA50 continues to support the price from below.
Therefore, we believe that the chances valid to resume the positive trades and visit 1.0064 level mainly, noting that breaking 0.9915 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.9900 support and 1.0030 resistance.
The expected trend for today: Bullish
The NZDUSD breaches the resistance – Analysis - 16-06-2022
The NZDUSD pair traded with clear positivity to breach the bearish channel’s resistance line and settles above it, to stop the negative scenario and head to rise in the upcoming sessions, on its way to visit 0.6405 mainly.
Therefore, the bullish bias will be expected for today, noting that breaking 0.6260 followed by 0.6210 levels will stop the suggested rise and press on the price to resume the main bearish trend again.
The expected trading range for today is between 0.6250 support and 0.6350 resistance
The expected trend for today: Bullish
The AUDUSD is recovering – Analysis - 16-06-2022
The AUDUSD pair rallied upwards strongly to breach 0.6995 level and settles above it, to head towards achieving expected gains on the intraday basis, targeting testing 0.7100 followed by 0.7160 levels as next main stations.
Therefore, the bullish bias will be suggested for the upcoming period unless breaking 0.6995 and holding below it.
The expected trading range for today is between 0.6980 support and 0.7080 resistance
The expected trend for today: Bullish
Brent oil price forms negative pattern – Analysis - 16-06-2022
Brent oil price shows more bearish bias, and it approached our main waited negative target at 115.10, and by taking a deeper look at the chart, we find that the price formed double top pattern that supports the chances of surpassing the mentioned level and achieve more expected decline on the intraday basis, targeting 110.10 areas as a next main station.
Therefore, we expect to witness more bearish bias in the upcoming period unless the price rallied to breach 119.25 followed by 121.30 levels and hold above them.
The expected trading range for today is between 114.50 support and 119.50 resistance.
The expected trend for today: Bearish