The USDCHF attempts to recover – Analysis - 17-01-2022
The USDCHF pair provided positive trades in the previous sessions to breach 0.9135 level, but it begins to decline again now, affected by stochastic negativity, besides the negative pressure formed by the EMA50, which encourages us to suggest the continuation of the bearish bias today to head towards 0.9060 as a next main target.
Therefore, the bearish trend will remain expected on the intraday basis, noting that failing to break 0.9135 will lead the pirce to visit 0.9200 as a next positive station.
The expected trading range for today is between 0.9080 support and 0.9170 resistance.
The expected trend for today: Bearish
The NZDUSD breaks the support – Analysis - 17-01-2022
The NZDUSD pair broke 0.6820 level strongly and settled below it, to head towards resuming the main bearish track again, on its way to visit 0.6700 level mainly.
Therefore, we expect to witness additional decline in the upcoming sessions, noting that breaching 0.6820 will stop the current negative pressure and lead the price to return to the correctional bullish trend again.
The expected trading range for today is between 0.6750 support and 0.6830 resistance
The expected trend for today: Bearish
The AUDUSD under the negative pressure – Analysis - 17-01-2022
The AUDUSD pair faced additional negative pressure to break 0.7275 and touch 0.7205 level, and attempts to consolidate above it, accompanied by witnessing positive signals through stochastic, which supports the chances of resuming the correctional bullish track, which targets 0.7275 followed by 0.7420 levels as next main stations.
Therefore, the bullish bias will be suggested for today unless breaking 0.7205 followed by 0.7170 levels and holding below them.
The expected trading range for today is between 0.7170 support and 0.7275 resistance
The expected trend for today: Bullish
Brent oil price achieves the target – Analysis - 17-01-2022
Brent oil price succeeded to achieve our main waited target at 85.80 and settles around it, and it might witness some temporary bearish bias affected by stochastic negativity before resuming the bullish wave, waiting to confirm breaching the mentioned level to open the way to head towards 86.60 as a next target.
On the other hand, we should note that breaking 83.90 will stop the expected rise and press on the price to turn to decline on the intraday basis to visit 80.80 areas before any new positive attempt.
The expected trading range for today is between 84.20 support and 87.00 resistance.
The expected trend for today: Bullish