The USDCHF keeps rising – Analysis - 14-06-2022
The USDCHF pair resumed the bullish rally to achieve our waited target at 0.9985, affected by stochastic negativity now to show some slight bearish bias, waiting to get positive motive that assist to push the price to resume the bullish trend that its next target located at 1.0064.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 0.9860 and holding below it.
The expected trading range for today is between 0.9900 support and 1.0020 resistance.
The expected trend for today: Bullish
The NZDUSD approaches the extended target – Analysis - 14-06-2022
The NZDUSD pair continues to decline to surpass 0.6295 level and approach our extended target at 0.6210, reinforcing the expectations of continuing the bearish trend, noting that breaking the last level will extend the bearish wave to reach 0.6130 as a next negative station.
Note that breaching 0.6325 will stop the expected decline and lead the price to achieve some bullish correction before turning back to decline again.
The expected trading range for today is between 0.6200 support and 0.6300 resistance
The expected trend for today: Bearish
The AUDUSD continues to decline – Analysis - 14-06-2022
The AUDUSD pair provided additional negative trades to achieve our next negative target at 0.6930, settling around this level now, falling under continuous negative pressure coming by the EMA50, to support the chances of surpassing this level and open the way to head towards 0.6830 as a next negative target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless the price rallied to breach 0.6995 followed by 0.7050 levels and holding above them.
The expected trading range for today is between 0.6890 support and 0.6990 resistance
The expected trend for today: Bearish
Brent oil price builds bullish wave – Analysis - 14-06-2022
Brent oil price traded with clear positivity to move away from the bullish channel’s support line, to hint heading to resume the main bullish trend, facing solid resistance at 121.30, as it needs to surpass this level to confirm rallying towards achieving additional gains that start at 123.10 and extend to 125.00.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 119.05 and holding below it.
The expected trading range for today is between 119.00 support and 123.10 resistance.
The expected trend for today: Bullish