The USDCHF completes the negative pattern – Analysis - 23-06-2022
The USDCHF pair managed to break the bearish pennant’s support line and settled below 0.9630, which supports the continuation our bearish overview efficiently for the upcoming period, opening the way to head towards our next station that reaches 0.9525.
Therefore, the bearish trend scenario will remain active, noting that holding below 0.9630 represents initial condition to continue the expected decline.
The expected trading range for today is between 0.9550 support and 0.9660 resistance.
The expected trend for today: Bearish
The NZDUSD crawls towards the target – Analysis - 23-06-2022
The NZDUSD pair fluctuates with slight negativity to gradually approach our waited target at 0.6210, falling under continuous negative pressure formed by the EMA50, to support the chances of breaking the mentioned level and extend the bearish wave towards 0.6150 followed by 0.6100 levels.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.6345.
The expected trading range for today is between 0.6210 support and 0.6300 resistance
The expected trend for today: Bearish
The AUDUSD resumes the decline – Analysis - 23-06-2022
The AUDUSD pair returned ot test 0.6930 level, and rebounds bearishly now to keep the bearish trend scenario active for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to head towards 0.6830 that represents our next main target.
We remind you that the continuation of the bearish wave depends on the price stability below 0.6930 and 0.6995 levels.
The expected trading range for today is between 0.6830 support and 0.6930 resistance
The expected trend for today: Bearish
Brent oil price hits the target – Analysis - 23-06-2022
Brent oil price managed to touch our main waited target at 105.05 and bounced upwards strongly to test the key resistance 110.10, noticing that the price declined again to approach 105.05 level, to hint the continuation of the negative pressure on the intraday and short term basis, waiting to break the last level to open the way to extend the bearish wave towards 101.65 followed by 98.85 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 110.10 and holding above it.
The expected trading range for today is between 103.50 support and 110.00 resistance.
The expected trend for today: Bearish