The USDCHF declines calmly – Analysis - 29-12-2021
The USDCHF pair fluctuates with calm negativity to crawl gradually towards our first waited target at 0.9140, waiting for more decline to surpass this level and open the way to head towards 0.9060.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 0.9200.
The expected trading range for today is between 0.9120 support and 0.9200 resistance.
The expected trend for today: Bearish
The NZDUSD leans on the moving average – Analysis - 29-12-2021
The NZDUSD pair provided negative trades in the previous sessions to lean on the EMA50 that forms good intraday support against the price, and the price resumes the bullish bias to approach 0.6830 level, waiting to breach this level to confirm extending the correctional bullish wave towards 0.6895.
Therefore, our bullish overview will remain active conditioned by the price stability above 0.6770.
The expected trading range for today is between 0.6770 support and 0.6870 resistance
The expected trend for today: Bullish
The AUDUSD approaches the target – Analysis - 29-12-2021
The AUDUSD pair provided positive trades yesterday and approached our waited target at 0.7275, and bounced bearishly to lean on 0.7205 level, noticing that the price begins today with new bullish bias, motivated by stochastic positivity, waiting for more rise to surpass 0.7275 and open the way to visit 0.7340 as a next positive target.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 0.7205.
The expected trading range for today is between 0.7180 support and 0.7290 resistance
The expected trend for today: Bullish
Brent oil price keeps rising – Analysis - 29-12-2021
Brent oil price continues to provide the positive trades and attempted to breach 79.00 barrier yesterday, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our next main target at 80.80.
The positive effect of the doublt bottom pattern still active and supports the chances of achieving the waited targets, reminding you that it is important to hold above 77.70 to continue the expected rise.
The expected trading range for today is between 77.30 support and 80.40 resistance.
The expected trend for today: Bullish