The USDCHF attempts to recover – Analysis - 22-12-2021
The USDCHF pair shows some bullish bias to approach testing 0.9265 level, and as long as the price is below this level, our bearish overview will remain valid and active for the upcoming period, supported by stochastic negativity, reminding you that our targets begin by breaking 0.9200 to confirm heading towards 0.9140.
The expected trading range for today is between 0.9180 support and 0.9270 resistance.
The expected trend for today: Bearish
The NZDUSD achieves intraday gains – Analysis - 22-12-2021
The NZDUSD pair provided additional positive trades yesterday but it stopped at the EMA50 that formed solid resistance against the price, accompanied by witnessing clear negative signals by stochastic, which supports the chances of resuming the main bearish track, waiting to break 0.6700 to open the way to visit 0.6650 as a next target.
Therefore, we will keep our bearish overview conditioned by the price consolidation below 0.6760.
The expected trading range for today is between 0.6680 support and 0.6800 resistance
The expected trend for today: Bearish
The AUDUSD loses momentum – Analysis - 22-12-2021
The AUDUSD pair ended yesterday above 0.7125 level, but it begins today with bearish bias to attempt to break this level, which hints the attempt to return to the bearish track, motivated by stochastic negativity.
Therefore, we expect to witness negative trades in the upcoming sessions, and the expected targets begin at 0.7050 and extend to 0.6995, noting that failing to break 0.7125 will push the price to achieve intraday gains that start by testing 0.7205 areas.
The expected trading range for today is between 0.7070 support and 0.7170 resistance
The expected trend for today: Bearish
Brent oil price breaches the resistance – Analysis - 22-12-2021
Brent oil price breached 72.70 level strongly and settled above it, providing more bullish bias to test 74.00 areas, which hints heading to cover the losses that it suffered lately, but we expect to witness sideways trades between 75.20 resistance and 72.70 support until it manages to breach one of these levels to detect the next destination clearly.
Note that the continuation of the rise and surpassing the mentioned resistance will lead the price to achieve additional gains that reach 77.70, while breking the support will press on the price to decline gain and open the way to head towards 69.60 areas again.
The expected trading range for today is between 72.80 support and 75.60 resistance.
The expected trend for today: Sideways