The USDCHF is recovering – Analysis - 10-11-2023
The USDCHF pair traded positively to breach 0.9020 level and settles above it, to head towards achieving expected intraday gains that start by testing 0.9066 level, noting that breaching this level will confirm stopping the bearish correction that dominated the recent trades to head towards achieving additional rises that reach 0.9125 followed by 0.9225 areas.
Therefore, the bullish bias will be expected for today unless breaking 0.8968 and holding below it.
The expected trading range for today is between 0.8970 support and 0.9100 resistance.
The expected trend for today: Bullish
The NZDUSD gets negative close – Analysis - 10-11-2023
The NZDUSD pair managed to break 0.5900 level and close the daily candlestick below it, reinforcing the expectations of continuing the bearish trend, opening the way to head towards achieving negative targets that start at 0.5850 followed by 0.5800.
Moving below the EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 0.5900.
The expected trading range for today is between 0.5835 support and 0.5930 resistance
The expected trend for today: Bearish
The AUDUSD breaks the support – Analysis - 10-11-2023
The AUDUSD pair broke 0.6400 level clearly and settles below it, to reactivate the bearish trend scenario on the intraday basis, opening the way to achieve negative targets that start at 0.6340 and extend to 0.6170.
Therefore, the bearish bias will be suggested in the upcoming sessions, noting that breaching 0.6400 will stop the current negative pressure and push the price to attempt to recover.
The expected trading range for today is between 0.6300 support and 0.6400 resistance
The expected trend for today: Bearish
Brent oil price negotiates the key resistance – Analysis - 10-11-2023
Brent oil price attempted to breach 81.00 level yesterday but it closed the daily candlestick below it, to keep the bearish trend scenario active, waiting to resume the negative trades to head towards our next main target at 77.45.
Stochastic provides negative signals that we are waiting to assist to push the price to achieve the expected decline, which will remain valid unless the price confirmed breaching 81.00 level.
The expected trading range for today is between 79.40 support and 82.40 resistance.
The expected trend for today: Bearish