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The USDCHF breaches the resistance – Analysis - 13-03-2020
The USDCHF pair breached 0.9435 level strongly and settled above it, which leads the price to achieve expected gains in the upcoming sessions, waiting to test 0.9588 level initially.
Therefore, the bullish bias will be suggested for today, noting that breaking 0.9435 and holding below it again will reactivate the main bearish trend scenario that its next target located at 0.9187.
The expected trading range for today is between 0.9360 support and 0.9530 resistance.
The expected trend for today: Bullish
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The NZDUSD achieves more targets – Analysis - 13-03-2020
The NZDUSD pair provided strong negative trades yesterday to surpass 0.6191 level and achieves the second target at 0.6090, noting that the price stability below the first level will press on the price to provide more decline in the upcoming period, as the next target reaches 0.6000.
MoreThe AUDUSD hits the extended targets – Analysis - 13-03-2020
The AUDUSD pair traded with strong negativity yesterday to succeed achieving our extended target at 0.6230, which represents the main bearish channel’s support line that appears on the chart, and according to the trading rules inside the channels, the price is on its way to start bullish wave that targets visiting the mentioned channel’s resistance.
MoreBrent oil price begins to recover – Analysis - 13-03-2020
Brent oil price showed additional decline yesterday to touch 33.56, noticing that the price begins today with strong rise to surpass the correctional bearish channel’s resistance and settles above 35.00$ barrier now, which supports the chances of resuming the intraday bullish trend, which its main targets located at 38.00 and extend to 41.17.
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