The USDCHF keeps fluctuating – Analysis - 01-07-2022
The USDCHF pair provided temporary positive trades yesterday, but the EMA50 formed solid resistance barrier against the price, to rebound bearishly and settle near 0.9525 again, waiting to get strong negative motive that push the price to break this level and rally towards our next target that reaches 0.9400.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9630 and holding above it.
The expected trading range for today is between 0.9480 support and 0.9600 resistance.
The expected trend for today: Bearish
The NZDUSD presses on the support – Analysis - 01-07-2022
The NZDUSD pair shows new negative trades to attempt to break 0.6210 level now, reinforcing the expectations of continuing the bearish trend, supported by stochastic and the EMA50 negativity that appears clearly on the chart, reminding you that our next target is located at 0.6150.
Holding below 0.6290 is important to continue the expected decline, as breaching it will push the price to achieve temporary gains and test 0.6405 areas before any new attempt to decline.
The expected trading range for today is between 0.6160 support and 0.6260 resistance
The expected trend for today: Bearish
The AUDUSD begins with strong negativity – Analysis - 01-07-2022
The AUDUSD pair opens today with new decline to return to the bearish channel and heads towards our main waited negative target at 0.6830, and we suggest surpassing this level to achieve additional negative targets that extend to 0.6750.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6930 and hold above it.
The expected trading range for today is between 0.6800 support and 0.6890 resistance
The expected trend for today: Bearish
Brent oil price breaks the support – Analysis - 01-07-2022
Brent oil price broke the key support levels 112.00 and 110.10 strongly, to settle below the last level and open the way to continue the decline in the upcoming period, on its way to visit 105.05 areas on the near term basis.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, noting that the continuation of the bearish wave requires holding below 110.10.
The expected trading range for today is between 105.50 support and 111.00 resistance.
The expected trend for today: Bearish