The USDCHF breaks the support – Analysis - 23-12-2021
The USDCHF pair broke 0.9200 level strongly and closed the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to head towards our next negative target at 0.9140.
The EMA50 supports the expected decline, noting that holding below 0.9200 represents the first condition to achieve the waited targets.
The expected trading range for today is between 0.9120 support and 0.9240 resistance.
The expected trend for today: Bearish
The NZDUSD begins bullish correction – Analysis - 23-12-2021
The NZDUSD pair reached few pips away from our waited positive target at 0.6825, and we expect to start correctional bullish wave for the decline measured from 0.7217 to 0.6701, noting that breaching 0.6825 will confirm rallying towards 0.6895 as a next positive target.
Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 0.6770 will stop the bullish bias and press on the price to turn to decline.
The expected trading range for today is between 0.6770 support and 0.6870 resistance
The expected trend for today: Bullish
The AUDUSD hits the positive target – Analysis - 23-12-2021
The AUDUSD pair managed to achieve our waited target at 0.7205 and attempts to breach it, which supports the chances of extending the correctional bullish wave to target 0.7275 as a next positive station.
Therefore, we expect to witness more rise in the upcoming sessions, noting that failing to breach 0.7205 will press on the price to decline again and test 0.7125 level initially.
The expected trading range for today is between 0.7160 support and 0.7260 resistance
The expected trend for today: Bullish
Brent oil price activates the positive scenario – Analysis - 23-12-2021
Brent oil price rallied upwards yesterday to breach 75.20 level and close the daily candlestick above it, to activate the bullish trend scenario on the intraday basis, on its way to visit 77.70 level as a next main station.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, noting that breaking 75.20 will stop the suggested positive scenario and press on the price to provide negative trades that target testing 72.70 areas initially.
The expected trading range for today is between 74.00 support and 77.00 resistance.
The expected trend for today: Bullish