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The USDCHF confirms the break – Analysis - 18-03-2021
The USDCHF pair succeeded to break 0.9256 level and traded with clear negativity to settle below it, reinforcing the expectations of continuing the bearish trend, which targets 0.9185 as a next station, noting that surpassing this level will push the price to 0.9125 as a next negative target.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 0.9256 – 0.9270 levels.
The expected trading range for today is between 0.9170 support and 0.9270 resistance.
The expected trend for today: Bearish
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The NZDUSD tests the resistance – Analysis - 18-03-2021
The NZDUSD pair traded with clear positivity to test the key resistance 0.7240, noticing that the price keeps its stability below it until now, which keeps the bearish trend scenario valid until now, supported by stochastic loss to the positive momentum.
MoreThe AUDUSD attempts to recover – Analysis - 18-03-2021
The AUDUSD pair rallied upwards strongly yesterday to breach 0.7765 level and settles above it, which leads the price to achieve new intraday gains that reach 0.7875, noting that breaching this level will push the price back to the main bullish channel again and lead to achieve more positive targets.
MoreBrent oil price achieves the first target – Analysis - 18-03-2021
Brent oil price declined clearly yesterday to reach the first negative target at 66.85 and bounced bullishly to settle around 67.90, starting today with new decline to move away from the last level, which support the continuation of the correctional bearish scenario, noting that surpassing 66.85 will extend the bearish wave to reach 65.80 direct.
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