The USDCHF attempts to recover – Analysis - 07-08-2019
The USDCHF pair provided positive trades yesterday but it begins to decline today, affected by the negative overlapping signal that appears through stochastic, waiting to motivate the price to break 0.9712 to confirm heading towards 0.9590 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend in the upcoming period, reminding you that holding below 0.9770 represents initial condition to continue the suggested decline.
The expected trading range for today is between 0.9680 support and 0.9800 resistance.
The expected trend for today: Bearish
The NZDUSD declines strongly – Analysis - 07-08-2019
The NZDUSD pair begins today with strong decline to surpass our first target at 0.6480 and touches the second target at 0.6400 now, noticing that the price faces more negative pressure that supports the chances of continuing the bearish trend in the upcoming period, on its way to visit 0.6350 level as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 0.6480.
The expected trading range for today is betwenen 0.6330 support and 0.6460
The expected trend for today: Bearish
The AUDUSD touches the target – Analysis - 07-08-2019
The AUDUSD pair succeeded to touch our waited target at 0.6700 and presses negatively on it, on its way to continue the decline on the intraday and short term basis, as the price continues to move inside the bearish channel, noting that the next target is located at 0.6625.
Therefore, the bearish trend will remain dominant unless breaching 0.6830 level and holding above it.
The expected trading range for today is between 0.6625 support and 0.6750
The expected trend for today: Bearish
Brent oil price resumes the decline – Analysis - 07-08-2019
Brent oil price resumed its negative trading clearly yesterday to approach our first waited target at 58.00, waiting for more decline that its next main target located at 56.23, as the price falls under continuous negative pressure coming by the EMA50.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, noting that breaching 59.93 will stop the expected decline and push the price to start new recovery attempts.
The expected trading range for today is between 57.00 support and 60.00 resistance.
The expected trend for today: Bearish