The USDCHF crawls downwards – Analysis - 02-08-2022
The USDCHF pair resumes its negative trading to move away from 0.9530, reinforcing the expectations of continuing the bearish trend, which targets 0.9400 level as a next negative station.
Stochastic begins to lose the positive momentum gradually, waiting to assist to push the price to head towards the mentioned target, reminding you that it is important to hold below 0.9530 to continue the expected decline.
The expected trading range for today is between 0.9440 support and 0.9540 resistance.
The expected trend for today: Bearish
The NZDUSD confirms the breach – Analysis - 02-08-2022
The NZDUSD pair confirmed breaching 0.6320 after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend, which targets 0.6380 as a next positive station.
The EMA50 keeps supporting the expected bullish wave, waiting to get positive momentum that assists to push the price to achieve the waited target, noting that breaking 0.6320 will press on the price to turn to decline on the intraday basis and visit 0.6257 areas before any new attempt to rise.
The expected trading range for today is between 0.6290 support and 0.6380 resistance
The expected trend for today: Bullish
The AUDUSD continues to rise – Analysis - 02-08-2022
The AUDUSD pair keeps providing the positive trades, and reached the thresholds of 0.7050 level, organized inside bullish channel that supports the chances of surpassing the mentioned level and hed to achieve new positive targets that reach 0.7140.
The EMA50 keeps supporting the price from below, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 0.6980.
The expected trading range for today is between 0.6980 support and 0.7070 resistance
The expected trend for today: Bullish
Brent oil price suffers sharp losses – Analysis - 02-08-2022
Brent oil price declined strongly after breaking 106.10 level, to surpass our first negative target at 104.45 and approaches few pips away from the extended target at 102.25, and we expect the continuation of the negative pressure affected by trading inside the bearish channel that appears on the chart to attack the last level and open the way to achieve additional negative targets that reach 99.25.
Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 104.30.
The expected trading range for today is between 100.00 support and 105.00 resistance.
The expected trend for today: Bearish