The USDCHF heads towards the negative target – Analysis - 28-07-2022
The USDCHF pair resumed its negative trading clearly yesterday after the positive attempt that it witnessed in the previous sessions, to open the way to head towards our waited target at 0.9530, noting that breaking this level will cause additional losses that reach 0.9400.
Therefore, we will continue to sugges the bearish trend conditioned by the price stability below 0.9630.
The expected trading range for today is between 0.9500 support and 0.9620 resistance.
The expected trend for today: Bearish
The NZDUSD surpasses the resistance – Analysis - 28-07-2022
The NZDUSD pair traded with strong positivity to manage to breach 0.6257 and close the daily candlestick above it again, to revive the correctional bullish scenario and head towards achieving new gains that start at 0.6320.
Therefore, we expect to witness more rise in the upcoming sessions conditioned by the price stability above 0.6257.
The expected trading range for today is between 0.6230 support and 0.6340 resistance
The expected trend for today: Bullish
The AUDUSD resumes the bullish wave – Analysis - 28-07-2022
The AUDUSD pair rallied upwards strongly to breach 0.6980 and settles above it, to reactivate the bullish trend scenario, paving the way to head towards 0.7050 as a next correctional target.
Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 0.6980 will press on the price to decline and test 0.6910 before any new attempt to rise.
The expected trading range for today is between 0.6950 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price breaches the resistance lines – Analysis - 28-07-2022
Brent oil price traded with clear positivity yesterday to breach the bearish channel’s resistance and settles above it, to turn to rise and head to achieve expected gains in the upcoming period, targeting testing 109.55 initially, noting that breaching this level will push the price to 112.35 as a next positive target.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 106.75 and holding below it.
The expected trading range for today is between 106.50 support and 110.50 resistance.
The expected trend for today: Bullish