The USDCHF pair succeeded to achieve our waited target at 0.9530 and presses negatively on it, to hint heading to achieve more decline on the short term and medium term basis, noticing that there is a negative formation that might force the price to suffer more losses on the longer term basis.
Therefore, the bearish trend will remain suggested for the upcoming period, and the next target reaches 0.9400, taking into consideration that the consolidation of 0.9530 level against the current negative pressure will lead the price to start recovery attempts that target testing 0.9630 level initially.
The expected trading range for today is between 0.9450 support and 0.9590 resistance.
The expected trend for today: Bearish
The NZDUSD pair opens today’s trading with clear positivity to reach the waited target at 0.6320, and we expect the continuation of the bullish bias to breach this level and open the way to achieve additional gains that reach 0.6380.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 0.6257 and holding below it.
The expected trading range for today is between 0.6260 support and 0.6380 resistance
The expected trend for today: Bullish
The AUDUSD pair faced temporary negative pressure yesterday but it closed the daily candlestick above 0.6980, to keep the bullish trend scenario active, waiting to head towards 0.7050 that represents our next target.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6980 and the most important above 0.6910.
The expected trading range for today is between 0.6970 support and 0.7050 resistance
The expected trend for today: Bullish
Brent oil price faces negative pressure to test the EMA50 that forms good support against the price at 105.80 now, to protect yesterday’s suggested positive scenario, noticing that stochastic gathers the positive momentum to support the chances of resuming the bullish bias in the upcoming sessions.
Therefore, the bullish bias will be expected for today, and the targets begin at 109.55, noting that breaking 105.80 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 104.00 support and 109.55 resistance.
The expected trend for today: Bullish