The USDCHF breaks the support – Analysis - 29-11-2021
The USDCHF pair achieved a strong break to 0.9315 level and declined strongly to break the next support at 0.9265, which pushes the price to achieve more of the expected decline in the upcoming sessions, in its way to visit 0.9200 level as a next main target.
Therefore, the beraihs bias will be preferred for today unless breaching 0.9265 level and holding above it.
The expected trading range for today is between 0.9200 support and 0.9300 resistance.
The expected trend for today: Bearish
The NZDUSD awaits more negative targets – Analysis - 29-11-2021
The NZDUSD pair shows slight bullish bias after reaching the thresholds of the waited target at 0.6800, as long as the price is located below 0.6875 so the bearish trend scenario will remain the dominant in the upcoming sessions, supported by losing the positive momentum of stochastic clearly, reminding you that our next negative target extend to 0.6700.
The expected trading range for today is between 0.6780 support and 0.6875 resistance
The expected trend for today: Bearish
The AUDUSD needs the negative momentum – Analysis - 29-11-2021
The AUDUSD pair fluctuated in sideways track in the last sessions, noticing that stochastic loses its positive momentum gradually, waiting for motivating the price to resume the main bearish trend, targeting 0.7050 level as next station.
Therefore, we will keep preferring the bearish trend in the upcoming period, conditioned by holding below 0.7170 and 0.7205 levels.
The expected trading range for today is between 0.7090 support and 0.7170 resistance
The expected trend for today: Bearish
Brent oil price achieves additional negative targets – Analysis - 29-11-2021
Brent oil price broke 75.20 level strongly to decline strongly and reach 71.00$ barrier, and returns to attempt to recover but it settles below the resistance line formed below 75.20, which makes us suggest resuming the negative trades to target 72.70 followed by 69.60 levels as next main targets.
Therefore, the bearish trend will remain expected for the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 75.20 is considered as the first positive key to attempt to stop the current negative pressure.
The expected trading range for today is between 72.50 support and 76.00 resistance.
The expected trend for today: Bearish