The USDCHF faces solid support – Analysis - 12-08-2022
The USDCHF pair continues to fluctuate around 0.9400 level and keeps its stability above it, to keep the bullish trend scenario active, supported by stochastic current positivity, waiting to visit 0.9530 mainly.
We remind you that the continuation of the bullish wave requires holding above 0.9400, as breaking it will put the price under new negative pressure and open the way to head towards 0.9290 as a next negative target.
The expected trading range for today is between 0.9390 support and 0.9500 resistance.
The expected trend for today: Bullish temporarily
The NZDUSD touches the target – Analysis - 12-08-2022
The NZDUSD pair succeeded to achieve our waited target at 0.6455, showing new positive trades now to support the chances of surpassing this level and open the way to achieve additional gains that reach 0.6520.
The EMA50 continues to support the price from below, to continue suggesting the bullish trend for the upcoming period unless breaking 0.6380 and holding below it.
The expected trading range for today is between 0.6400 support and 0.6510 resistance
The expected trend for today: Bullish
The AUDUSD reaches the extended target – Analysis - 12-08-2022
The AUDUSD pair provided additional positive trades to reach few pips away from our waited target at 0.7140, starting today with new bullish bias, to suggest surpassing this level and open the way to head towards 0.7200 as a next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 unless breaking 0.7050 and holding below it.
The expected trading range for today is between 0.7060 support and 0.7180 resistance
The expected trend for today: Bullish
Brent oil price breaches the resistance – Analysis - 12-08-2022
Brent oil price breached 100.70 level clearly, to complete forming double bottom pattern that pushed the price to test 102.25 level, and found solid resistance there, to face contradiction between the technical factors, as the price gets positive support by the EMA50, while stochastic shows clear negative signals.
Therefore, we prefer to stay aside until we get clearer signal for the next trend, noting that breaching 102.25 resistance will push the price to achieve more bullish correction and achieve positive targets that start at 105.40, while breaking 100.70 support represents negative factor that will press on the price to return to the main bearish track and head towards 98.85 followed by 97.40 levels initially.
The expected trading range for today is between 99.50 support and 104.00 resistance.
The expected trend for today: Depends on the above mentioned levels