The USDCHF continues to rise – Analysis - 15-09-2023
The USDCHF pair shows more bullish bias to gradually approach our waited target at 0.8995, moving within bullish channel that supports the chances of surpassing this level and achieve more gains on the intraday and short-term basis, which reach 0.9050 as a next main station.
Therefore, the bullish trend scenario will remain valid and active unless breaking 0.8890 and holding above it.
The expected trading range for today is between 0.8890 support and 0.9030 resistance.
The expected trend for today: Bullish
The NZDUSD awaits confirmation signal – Analysis - 15-09-2023
The NZDUSD pair still stuck between the trend confirmation levels represented by 0.5900 support and 0.5935 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
We remind you that breaking the mentioned support will put the price under negative pressure that its targets begin at 0.5800 and extend to 0.5750, while breaching the resistance represents positive factor that will motivate the price to achieve gains that reach 0.6020.
The expected trading range for today is between 0.5870 support and 0.5990 resistance
The expected trend for today: Neutral
The AUDUSD completes positive pattern – Analysis - 15-09-2023
The AUDUSD pair trades positively to breach 0.6445 and attempts to hold above it, noticing that the price completed forming double bottom pattern that its signs appear on the chart, which supports the chances of rising in the upcoming sessions, paving the way to head towards 0.6545 as a next main target.
Therefore, the bullish bias will be expected for today, noting that breaking 0.6400 will stop the positive scenario and push the price to decline again.
The expected trading range for today is between 0.6420 support and 0.6520 resistance
The expected trend for today: Bullish
Brent oil price hits the target – Analysis - 15-09-2023
Brent oil price resumed its positive trading clearly to succeed achieving our waited target at 94.25, and we suggest surpassing the bullish channel’s resistance that appears on the chart to achieve more positive targets in the upcoming period, noting that our next station reaches 96.80.
Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, supported by the EMA50 that carries the price from below, taking into consideration that breaking 92.80 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 93.30 support and 96.40 resistance.
The expected trend for today: Bullish