The USDCHF hits the target – Analysis - 11-08-2022
The USDCHF pair traded with strong negativity to succeed achieving our waited target at 0.9400, noticing that the price rebounds bullishly to head towards potential test to 0.9530, making the bullish bias suggested for today, noting that the expected rise is temporarily, waiting to resume the main bearish wave.
On the other hand, we should note that breaking 0.9400 will stop the suggested bullish bias and press on the price to achieve additional decline that its next target reaches 0.9290.
The expected trading range for today is between 0.9390 support and 0.9520 resistance.
The expected trend for today: Bullish temporarily
The NZDUSD achieves big gains – Analysis - 11-08-2022
The NZDUSD pair rose sharply yesterday, to surpass our second target at 0.6380 and heads towards continuing the rise on the intraday and short term basis, noting that the next target reaches 0.6455.
Therefore, the bullish trend will remain valid for the upcoming period, organized inside the bullish channel that appears on the chart, noting that holding above 0.6380 is important to continue the expected rise.
The expected trading range for today is between 0.6350 support and 0.6455 resistance
The expected trend for today: Bullish
The AUDUSD surpasses the target – Analysis - 11-08-2022
The AUDUSD pair rallied upwards strongly to surpass our waited target at 0.7050 and open the way to achieve more expected gains in the upcoming sessions, on its way to visit 0.7140 as a next positive station.
Therefore, we will continue to suggest the bullish trend, noting that breaking 0.7050 will press on the price to decline and test 0.6980 areas before any new attempt to rise.
The expected trading range for today is between 0.7020 support and 0.7140 resistance
The expected trend for today: Bullish
Brent oil price approaches the first negative target – Analysis - 11-08-2022
Brent oil price provided clear negative trades yesterday to approach our first waited target at 95.90, but it bounced bullishly to attack the main bearish channel’s resistance, noticing that the EMA50 forms negative pressure against the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin at 95.90 and extend to 93.00 followed by 90.45, noting that breaching 100.70 will push the price to achieve additional gains and visit 102.25 before any new attempt to decline.
The expected trading range for today is between 97.00 support and 101.50 resistance.
The expected trend for today: Bearish