The USDCHF leans on the support base – Analysis - 11-10-2021
The USDCHF pair tested 0.9265 level again and keeps its stability above it, accompanied by witnessing positive signals by stochastic, waiting to motivate the price to achieve more rise in the upcoming sessions, which targets 0.9345 level as a next main station.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 0.9250 level and holding below it.
The expected trading range for today is between 0.9250 support and 0.9345 resistance.
The expected trend for today: Bullish
The NZDUSD is stable – Analysis - 11-10-2021
The NZDUSD pair settles below 0.6945 level, to keep the negative pressure valid and suggested fo the upcoming period, waiting to test 0.6890 level as a first negative station, reminding you that breaking this level will push the price to 0.6805 as a next target.
Therefore, the bearish trend scenario will remain valid and active unless breaching 0.6990 and holding above it.
The expected trading range for today is between 0.6870 support and 0.6960 resistance
The expected trend for today: Bearish
The AUDUSD faces solid resistance – Analysis - 11-10-2021
The AUDUSD pair kept its stability above 0.7290 level, and begins to test 0.7325 again, waiting to surpass this level to confirm rallying towards our next expected target at 0.7360.
In general, we will continue to suggest the bullish trend that gets good support by the EMA50 unless breaking 0.7290 and holding below it.
The expected trading range for today is between 0.7280 support and 0.7370 resistance
The expected trend for today: Bullish
Brent oil price begins with new positivity – Analysis - 11-10-2021
Brent oil price shows new positive trades by today’s open to breach 83.20 level and reinforce the expectations of continuing the bullish trend, opening the way to head towards our next waited target at 84.00, and we expect the continuation of the bullish wave to head towards 86.45 areas as a next main station.
Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 82.05 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish