The USDCHF approaches the target – Analysis - 23-11-2021
The USDCHF pair continues to rise to reach the thresholds of the waited target at 0.9345, expecting to surpass this level to open the way to achieve more gains on the short term and medium term basis, noting that the next targets reach 0.9400 followed by 0.9470.
Therefore, we are waiting for more expected rise in the upcoming sessions that get continuous support by the EMA50, noting that holding above 0.9265 is important to achieve the suggested targets.
The expected trading range for today is between 0.9280 support and 0.9380 resistance.
The expected trend for today: Bullish
The NZDUSD surpasses the target – Analysis - 23-11-2021
The NZDUSD pair succeeded to achieve our waited target at 0.6955 and broke it to open the way to continue the decline on the intraday and short term basis, opening the way to visit 0.6875 as a next main target.
Therefore, the bearish trend will remain dominant, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 0.6955 and 0.7005 levels.
The expected trading range for today is between 0.6875 support and 0.6965 resistance
The expected trend for today: Bearish
The AUDUSD resumes the decline – Analysis - 23-11-2021
The AUDUSD pair resumed its negative trades to move away from 0.7260 level, which supports the continuation of the bearish trend scenario on the intraday and short term basis, and the way is open to visit the previously recorded low at 0.7170.
The bearish channel continues to organize the suggested bearish wave, reminding you that holding below 0.7260 and 0.7315 levels is important to continue the expected decline.
The expected trading range for today is between 0.7170 support and 0.7260 resistance
The expected trend for today: Bearish
Brent oil price faces solid support – Analysis - 23-11-2021
Brent oil price fluctuates around 78.80 level, noticing that stochastic loses its positive momentum clearly to approach the overbought areas, while the EMA50 continues to press negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 77.70 to rally towards the next correctional target that reaches 75.20, noting that breaching 78.00 will lead the price to achieve additional gains that reach 80.80 before any new attempt to decline.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bearish