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The USDCHF completes the negative pattern – Analysis - 12-03-2020
The USDCHF pair managed to break the bearish flag’s support line that appears on the chart and settles below it, to get a negative motive that supports the expectations of continuing the bearish trend in the upcoming sessions, on its way to head towards 0.9187 that represents our next negative target.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless the price rallied to breach 0.9435 level and hold above it.
The expected trading range for today is between 0.9250 support and 0.9400 resistance.
The expected trend for today: Bearish
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The NZDUSD keeps its negative stability – Analysis - 12-03-2020
The NZDUSD pair shows bearish bias by today’s opening after testing the bearish channel’s resistance that appears on the chart, waiting for more decline in the upcoming sessions, which targets 0.6190 level initially.
MoreThe AUDUSD resumes the decline – Analysis - 12-03-2020
The AUDUSD pair resumes its negative trading to approach the bearish channel’s support line that represents our first waited target at 0.6430, expecting the continuation of the negative pressure to achieve more negative targets that extend to 0.6230.
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Brent oil price traded with strong negativity by today’s opening, and by looking at the minor image, we find that the price made a bearish correction for the last bullish wave that start from 31.57 areas, as it leaned on 61.8% Fibonacci correction level to start recovering now, which hints the price is on its way to achieve intraday gains today.
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