The USDCHF continues to rise – Analysis - 31-03-2021
The USDCHF pair rallied upwards after breaching the bullish flag’s resistance mentioned yesterday, to support the continuation of the bullish trend within the bullish channel that appears on the chart, reminding you that our next main target is located at 0.9494.
Holding above 0.9415 represents initial condition to continue the expected rise, as breaking it will press on the price to test 0.9375 areas and might extend to 0.9340 before any new attempt to rise.
The expected trading range for today is between 0.9400 support and 0.9500 resistance.
The expected trend for today: Bullish
The NZDUSD settles negatively – Analysis - 31-03-2021
The NZDUSD pair ended yesterday below 0.7000, to head towards resuming the recently suggested bearish trend, waiting to head towards 0.6895 level that represents the next main target.
The EMA50 forms negative pressure to support the expectations to decline, noting that it is important to hold below 0.7000 to achieve the suggested targets.
The expected trading range for today is between 0.6930 support and 0.7020 resistance
The expected trend for today: Bearish
The AUDUSD resumes the decline – Analysis - 31-03-2021
The AUDUSD pair resumed its negative trading after the recovery attempts that it witnessed in the previous sessions, to break 0.7615 and settle below it again, to reactivate the bearish trend scenario that targets 0.7500 level as a next station.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.7615 followed by 0.7650 levels and holding above them.
The expected trading range for today is between 0.7550 support and 0.7650 resistance
The expected trend for today: Bearish
Brent oil price attempts positively – Analysis - 31-03-2021
Brent oil price faced negative pressure yesterday that stopped at the bullish trend line that appears on the chart, starting today with bullish bias in attempt to regain the bullish trend, which makes us suggest witnessing more positive trades in the upcoming sessions, motivated by stochastic current positivity, waiting to head towards 66.90 initially.
Holding above 63.95 is important to continue the expected rise, as breaking it will put the price under more negative pressure that targets testing 62.94 areas before determining the next trend clearly.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish