The USDCHF begins positively – Analysis - 06-12-2021
The USDCHF pair opens today’s trading with clear positivity to test 0.9200 level, but it faces continuous negative pressure coming by the EMA50, to continue suggesting the bearish trend on the intraday basis, which targets testing 0.9140 level as a next station.
In general, the bearish trend scenario will remain valid and active unless the price rallied to breach 0.9265 and hold above it.
The expected trading range for today is between 0.9140 support and 0.9250 resistance.
The expected trend for today: Bearish
The NZDUSD approaches the target – Analysis - 06-12-2021
The NZDUSD pair continues to decline to approach our waited target at 0.6700, organized inside the bearish channel that appears on the chart, which supports the chances of continuing the bearish trend on the longer term basis.
Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.6775 might push the price to test 0.6870 areas before turning back to resume the bearish track again.
The expected trading range for today is between 0.6700 support and 0.6800 resistance
The expected trend for today: Bearish
The AUDUSD hits the target – Analysis - 06-12-2021
The AUDUSD pair succeeded to achieve our waited target at 0.7000 and settles near it, expecting the extension of the bearish wave on the intraday and short term basis to reach 0.6915 areas as a next main target.
The EMA50 continues to support the bearish wave that moves organized inside the bearish channel that appears on the chart, noting that failing to break 0.7000 might push the price to test 0.7125 areas before any new attempt to decline.
The expected trading range for today is between 0.6960 support and 0.7060 resistance
The expected trend for today: Bearish
Brent oil price awaits confirmation signal – Analysis - 06-12-2021
Brent oil price continues to fluctuate between the key levels represented by 69.60 support and 72.70 resistance without managing to breach one of them until now, which makes us continue with our neutrality until the price confirms breaching one of these levels to detect the next targets clearly.
Breaching the mentioned resistance will complete forming bullish pattenr that has positive targets that start at 75.20 and extend to 77.70, while breaking the support will put the price under the negative pressure again, to head towards visiting 64.60 areas mainly.
The expected trading range for today is between 69.00 support and 72.70 resistance.
The expected trend for today: Neutral