The USDCHF begins to decline – Analysis - 25-11-2020
The USDCHF pair shows calm negative trades to rebound from the resistance line that appears on the chart, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which targets 0.9010 as a next main station.
Stochastic provides negative signals that support the expectations to decline, reminding you that holding below 0.9192 represents major condition to continue the expected bearish trend.
The expected trading range for today is between 0.9040 support and 0.9160 resistance.
The expected trend for today: Bearish
The NZDUSD continues to rise – Analysis - 25-11-2020
The NZDUSD pair faced solid resistance at 0.7000 barrier, waiting to get positive motive that assists to breach this level and open the way to head towards our next waited target at 0.7050, noting that the EMA50 continues to provide the positive support to the price.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6925.
The expected trading range for today is between 0.6925 support and 0.7050
The expected trend for today: Bullish
The AUDUSD completes the positive pattern – Analysis - 25-11-2020
The AUDUSD pair confirmed breaching 0.7340 level after closing the daily candlestick above it, to get good positive motive that supports the expectations of continuing the bullish trend on the intraday and short term basis, as the price approaches gradually from our waited target at 0.7413, and we expect surpassing this level to head towards 0.7530 as a next positive station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 0.7295.
The expected trading range for today is between 0.7290 support and 0.7430
The expected trend for today: Bullish
Brent oil price surpasses the extended target – Analysis - 25-11-2020
Brent oil price succeeded to achieve our second waited target at 47.70 and breached it by today’s open, to open the way to continue the rise on the short term and medium term basis, to head towards visiting 50.70 that represents our next positive target.
Therefore, we are waiting for more expected rise in the upcoming sessions, which will remain valid conditioned by the price stability above 46.50.
The expected trading range for today is between 47.00 support and 50.00 resistance.
The expected trend for today: Bullish