The USDCHF faces the moving average – Analysis - 18-01-2022
The USDCHF pair shows new positive trades now, but it faces the EMA50 that forms good resistance against the price, to keep the chances valid to resume the expected bearish trend for the upcoming period, which needs to break 0.9135 to confirm heading towards 0.9060 as a next negative station, noting that surpassing 0.9160 will push the price to test the most important resistance at 0.9200 direct.
The expected trading range for today is between 0.9080 support and 0.9200 resistance.
The expected trend for today: Bearish
The NZDUSD resumes the decline – Analysis - 18-01-2022
The NZDUSD pair resumes its negative trades to move away from 0.6820 level, reinforcing the expectations of continuing the bearish trend, which depends on the price stability below the mentioned level, waiting to visit 0.6700 mainly, noting that stochastic provides negative signals that support the continuation of the expected decline.
The expected trading range for today is between 0.6710 support and 0.6820 resistance
The expected trend for today: Bearish
The AUDUSD begins negatively – Analysis - 18-01-2022
The AUDUSD pair opens today’s trading with clear negativity to attack the bullish channel’s support line, which leads the price to turn to decline in the upcoming sessions, supported by stochastic negativity, noting that breaking 0.7175 will confirm the continuation of the bearish bias towards 0.7125 as a first negative target.
Therefore, we suggest witnessing more bearish bias today unless the price managed to surpass 0.7205 – 0.7225 levels and holding above them.
The expected trading range for today is between 0.7140 support and 0.7225 resistance
The expected trend for today: Bearish
Brent oil price keeps achieving the positive targets – Analysis - 18-01-2022
Brent oil price managed to achieve our waited target at 86.60 and breached it to confirm extending the bullish wave on the intraday and short term basis, on its way to visit 88.00 followed by 88.80 levels as next positive stations.
Therefore, we expect the continuation of the bullish trend domination in the upcoming period, noting that holding above 85.80 represents initial condition to continue the suggested rise.
The expected trading range for today is between 85.50 support and 88.50 resistance.
The expected trend for today: Bullish