The USDCHF breaks the support – Analysis - 20-07-2022
The USDCHF pair broke 0.9730 level strongly to turn to decline again, on its way to visit 0.9630 as a first target, noting that breaking this level will extend the bearish wave to reach 0.9525 as a next negative station.
Therefore, we expect to witness more decline in the upcoming sessions unless breaching 0.9730 and hold above it again.
The expected trading range for today is between 0.9600 support and 0.9730 resistance.
The expected trend for today: Bearish
The NZDUSD hits the target – Analysis - 20-07-2022
The NZDUSD pair succeeded to achieve our waited target at 0.6257 and attempts to breach it now, reinforcing the chances of continuing the correctional bullish wave, paving the way to head towards 0.6320 as a next positive target.
Therefore, we will continue to suggest the bullish trend for hteu pcoming period, noting that failing to consolidate above 0.6257 will press on the price to decline towards 0.6180 areas before any new attempt to rise.
The expected trading range for today is between 0.6210 support and 0.6320 resistance
The expected trend for today: Bullish
The AUDUSD achieves more gains – Analysis - 20-07-2022
The AUDUSD pair opens today’s trading with additional positivity to approach our new target at 0.6930, expecting the continuation of the bullish bias to surpass this level and open the way to head towards 0.6985 as a next positive target.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period supported by the EMA50, taking into consideration that holding above 0.6890 represents initial condition to continue the expected rise.
The expected trading range for today is between 0.6880 support and 0.6985 resistance
The expected trend for today: Bullish
Brent oil price approaches the target – Analysis - 20-07-2022
Brent oil price resumed its positive trading to approach our main waited target at 109.60, getting good support by the EMA50, to rienforce the chances of continuing the bullish wave and surpass the mentioned level to open the way to achieve additional gains that reach 115.50.
Therefore, we will continue to suggest the bullish trend unless breaking 105.50 and holding below it.
The expected trading range for today is between 106.50 support and 111.00 resistance.
The expected trend for today: Bullish