The USDCHF breaks the support – Analysis - 13-01-2022
The USDCHF pair faced strong negative pressure yesterday to break 0.9200 and reach the key support 0.9135, to suggest the continuation of the bearish bias and break this support to open the way to visit 0.9060 as a next negative target.
Therefore, the bearish trend will be expected for today unless breaching 0.9200 and holding above it.
The expected trading range for today is between 0.9080 support and 0.9200 resistance.
The expected trend for today: Bearish
The NZDUSD resumes the bullish correction – Analysis - 13-01-2022
The NZDUSD pair rallied upwards strongly to breach 0.6820 and settles above it, to return to the correctional bullish track that targets 0.6895 followed by 0.6960 levels as next main stations, supported by moving above the EMA50.
Therefore, the bullish bias will remain suggested in the upcoming sessions unless breaking 0.6820 and holding below it again.
The expected trading range for today is between 0.6820 support and 0.6920 resistance
The expected trend for today: Bullish
The AUDUSD surpasses the first target – Analysis - 13-01-2022
The AUDUSD pair managed to achieve our first waited target at 0.7275 and breached it to settle above it, paving the way to visit the next correctional level at 0.7340, waiting for more rise in the upcoming sessions within the bullish channel that appears on the chart.
Holding above 0.7275 represents initial condition to continue the bullish wave, as breaking it will press on the price to test 0.7205 areas initially before determining the next destination clearly.
The expected trading range for today is between 0.7240 support and 0.7340 resistance
The expected trend for today: Bullish
Brent oil price hits the first extended target – Analysis - 13-01-2022
Brent oil price managed to touch 84.55 level and settles near it, and it might lean on the bullish channel’s support line before resuming the expected bullish trend for the upcoming period, which targets 85.80 as a next main station.
The EMA50 continues to support the suggested bullish wave, noting that holding above 83.40 is important to continue the expected rise, as breaking it might press on the price to decline on the intraday basis and test 80.80 areas before any new positive attempt.
The expected trading range for today is between 83.00 support and 85.70 resistance.
The expected trend for today: Bullish