The USDCHF hits the target – Analysis - 06-08-2019
The USDCHF pair succeeded to touch our main waited target at 0.9712 and shows some bullish bias from there, affected by stochastic positivity, and it might show some temporary bullish correction before resuming the bearish bias again.
Breaking the above mentioned level will extend the bearish wave to reach 0.9590 as a next main station, noting that breaching 0.9770 will push the price to test the most important resistance at 0.9836 before any new attempt to decline.
The expected trading range for today is between 0.9670 support and 0.9800 resistance.
The expected trend for today: Bearish
The NZDUSD tests the resistance – Analysis - 06-08-2019
The NZDUSD pair tested 0.6585 level and kept its stability below it, to keep the bearish trend active in the upcoming sessions, supported by the negative overlapping signal provided by stochastic now, waiting to test 0.6480 initially.
Note that breaking the targeted level will push the price to 0.6400 as a next station, while the expected decline will remain valid unless breaching 0.6585 level and holding above it.
The expected trading range for today is betwenen 0.6470 support and 0.6585
The expected trend for today: Bearish
The AUDUSD heads towards the resistance – Analysis - 06-08-2019
The AUDUSD pair shows some slight bullish bias on its way to test 0.6830 level, and the price still within the main bearish channel that appears on the chart, to keep the overall bearish trend valid for the upcoming period, supported by the EMA50, waiting to target 0.6700 level as a next station, reminding you that it is important to hold below 0.6830 to continue the suggested bearish bias.
The expected trading range for today is between 0.6700 support and 0.6830
The expected trend for today: Bearish
Brent oil price gets a negative close – Analysis - 06-08-2019
Brent oil price succeeded to achieve our first waited target at 59.93 yesterday, and it closed the daily candlestick below this level, which supports the continuation of our bearish overview on the intraday and short term basis, paving the way to head towards 58.00 followed by 56.23 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend in the upcoming period, noting that breaching 60.60 followed by 61.50 levels will stop the expected decline and lead the price to visit 62.92 again before any new negative attempt.
The expected trading range for today is between 58.50 support and 61.50 resistance.
The expected trend for today: Bearish