The USDCHF attacks the resistance – Analysis - 02-06-2022
The USDCHF pair shows positive trades now to attack 0.9630 level and attempts to hold above it, to hint stopping the bearish correction that dominated the recent trades and head to resume the main bullish trend, which makes us suggest witnessing more bullish bias today, targeting testing 0.9730 level mainly.
On the other hand, we should note that failing to confirm breaching 0.9630 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 0.9590 support and 0.9700 resistance.
The expected trend for today: Bullish
The NZDUSD resumes the decline – Analysis - 02-06-2022
The NZDUSD pair bounced bearishly after testing 0.6525 level in the previous sessions, to settle below the EMA50 now, reinforcing the expectations of continuing the bearish trend, which its next target located at 0.6405.
Holding below 0.6525 is important to continue the expected decline, as breaching it will lead the price to resume the correctional bullish trend.
The expected trading range for today is between 0.6420 support and 0.6520 resistance
The expected trend for today: Bearish
The AUDUSD is stable – Analysis - 02-06-2022
The AUDUSD pair settles at 0.7165 level, keeping its stability above it, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.7265 as a next station.
Note that breaking 0.7165 will stop the positive scenario and force the price to return to decline again.
The expected trading range for today is between 0.7130 support and 0.7250 resistance
The expected trend for today: Bullish
Brent oil price completes negative pattern – Analysis - 02-06-2022
Brent oil price started today with strong bearish gap that put the price below 115.10 level, noticing that the price completed forming double top pattern that has negative targets that reach 110.10, making the bearish bias suggested for today, supported by moving below the EMA50 now.
Holding below 115.10 represents major condition to continue the expected decline, as breaching it will lead the price to attempt to recover and regain the main bullish trend again.
The expected trading range for today is between 111.00 support and 116.00 resistance.
The expected trend for today: Bearish