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The USDCHF breaks the support – Analysis - 05-10-2021
The USDCHF pair managed to achieve our waited target at 0.9265 and surpassed it to test the bullish trend line that appears on the chart, noticing that the price consolidated above this support and provides clear positive trades, motivated by stochastic positivity, which encourages us to suggest more rise in the upcoming sessions, and it needs to breach 0.9265 to confirm continuing the rise towards 0.9345.
On the other hand, we should note that breaking 0.9255 will stop the expected positive scenario and press on the price to turn to decline.
The expected trading range for today is between 0.9220 support and 0.9320 resistance.
The expected trend for today: Bullish
The NZDUSD resumes the decline – Analysis - 05-10-2021
The NZDUSD pair resumes its negative trading after reaching 0.6990 areas, to keep the breaish trend scenario valid and active, waiting to test 0.6890 level initially, noting that breaking this level will extend the bearish wave to reach 0.6805.
MoreThe AUDUSD breaches the channel’s resistance – Analysis - 05-10-2021
The AUDUSD pair kept rising to breach the bearish channel’s resistance, but we notice that the price stopped at 38.2% Fibonacci correction level for the decline measured from 0.7478 to 0.7172, which hints heading to return to decline again, and it needs to break 0.7245 to confirm continuing the decline towards 0.7170 initially.
MoreBrent oil price resumes the rise – Analysis - 05-10-2021
Brent oil price resumed its positive trading by today’s open, to approach our extended waited target at 82.00, and we expect to surpass this level to visit the bullish channel’s resistance, located at 82.70 now.
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