The USDCHF faces temporary negative pressure – Analysis - 10-01-2022
The USDCHF pair faced clear negative pressure in the previous sessions to attack 0.9200 level, but it begins today positively to attempt to step above it again, motivate by stochastic positivity, which keeps the chances valid to continue the intraday bullish trend, which targets 0.9265 as a first station.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9200 and holding below it.
The expected trading range for today is between 0.9170 support and 0.9260 resistance.
The expected trend for today: Bullish
The NZDUSD loses momentum – Analysis - 10-01-2022
The NZDUSD pair shows some bullish bias now, but it faces continuous negative pressure coming by the EMA50, to support the continuation of the expected bearish trend for the upcoming period, which targets testing 0.6700 level initially.
Holding below 0.6820 is important to continue the expected decline, as breaching it will push the price to achieve new bullish correction that its first target located at 0.6895.
The expected trading range for today is between 0.6710 support and 0.6820 resistance
The expected trend for today: Bearish
The AUDUSD approaches the first target – Analysis - 10-01-2022
The AUDUSD pair reached few pips away from our first waited target at 0.7125 and bounced bullishly to test the key resistance 0.7205, noticing that the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to resume the bearish trend, which targets 0.7125 followed by 0.7000 levels as next main stations, while achieving them requires holding below 0.7205.
The expected trading range for today is between 0.7120 support and 0.7240 resistance
The expected trend for today: Bearish
Brent oil price keeps its positive stability – Analysis - 10-01-2022
Brent oil price tested the bullish channel’s support line and keeps its stability above it, to start providing positive trades in attempt to resume the bullish trend, motivated by stochastic positivity.
Therefore, our bullish overview will remain valid and active on the intraday and short term basis, reminding you that our next main target reaches 84.55, while achieving it requires holding above 80.80.
The expected trading range for today is between 80.20 support and 83.20 resistance.
The expected trend for today: Bullish