The USDCHF faces intraday negative pressure – Analysis - 12-01-2022
The USDCHF pair rebounds downwards clearly to head towards potential test to the key support 0.9200, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target reaches 0.9340.
Holding above 0.9200 is important to continue the expected rise, as breaking it will press on the price to continue the decline and head towards 0.9140 as a next negative station.
The expected trading range for today is between 0.9190 support and 0.9290 resistance.
The expected trend for today: Bullish
The NZDUSD attempts to recover – Analysis - 12-01-2022
The NZDUSD pair shows positive trades to test the intraday bearish channel’s resistance that appears on the chart, and the EMA50 continues to press negatively on the price, while stochastic shows negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which depends on the price stability below 0.6820, while its next target is located at 0.6700.
The expected trading range for today is between 0.6730 support and 0.6825 resistance
The expected trend for today: Bearish
The AUDUSD breaches the resistance – Analysis - 12-01-2022
The AUDUSD pair opens today’s trading with additional positivity to breach 0.7205 level and settles above it, to reactivate the correctional bullish scenario and lead towards achieving gains that start by testing 0.7275 areas.
Therefore, the bullish bias will be suggested for today unless breaking 0.7205 and holding below it again.
The expected trading range for today is between 0.7180 support and 0.7275 resistance
The expected trend for today: Bullish
Brent oil price returns to the bullish channel – Analysis - 12-01-2022
Brent oil price provided more positive trades to settle above 83.00$ barrier, which supports the continuation of the bullish trend expectations efficiently on the intraday and short term basis, waiting to test 84.55 as a next target, noting that breaching this level will push the price to 85.80 as a next station.
Therefore, the bullish trend scenario will remain dominant in the upcoming sessions, noting that breaking 82.80 might press on the price to test 80.80 areas before any new attempt to rise.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish