The USDCHF finds solid support – Analysis - 19-07-2022
The USDCHF pair found solid support at 0.9730 that forced it to rebound bullishly, to hint heading to resume the main bullish trend, on its way to test 0.9860 initially.
Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 0.9730 will put the price under additional negative pressure that its next target reaches 0.9630.
The expected trading range for today is between 0.9730 support and 0.9860 resistance.
The expected trend for today: Bullish
The NZDUSD leans on the support base – Analysis - 19-07-2022
The NZDUSD pair retested the breach resistance of the bearish channel and kept its stability above it, to resume the positive trades by today’s open, waiting to breach 0.6180 to confirm extending the bullish wave towards 0.6257 as a next target.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6145.
The expected trading range for today is between 0.6130 support and 0.6220 resistance
The expected trend for today: Bullish
The AUDUSD touches the first target – Analysis - 19-07-2022
The AUDUSD pair managed to touch our first waited target at 0.6845 and decline from there temporarily to gather positive momentum that assists to push the price to rise again now, waiting to breach the mentioned level to open the way to extend the correctional bullish wave to target 0.6890 followed by 0.6930 levels as next stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6795.
The expected trading range for today is between 0.6790 support and 0.6890 resistance
The expected trend for today: Bullish
Brent oil price achieves clear gains – Analysis - 19-07-2022
Brent oil price provided clear positive trades to reach 107.00$ barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to continue the rise to achieve our waited target at 109.60, noting that breaching this level will extend Brent oil price to reach 115.50 areas on the short term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 105.50 represents initial condition to continue the bullish wave.
The expected trading range for today is between 105.00 support and 110.00 resistance.
The expected trend for today: Bullish