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The USDCHF needs new positive momentum – Analysis - 08-09-2023
The USDCHF pair shows some bearish bias by today’s open to head towards potential test to the key support base 0.8890, and as long as the price is above this level, our bullish overview will remain valid, reminding you that we are waiting to visit 0.8995 as a next main target.
On the other hand, we should note that breaking 0.8890 will stop the suggested rise and push the price to turn to decline, to head towards 0.8825 initially.
The expected trading range for today is between 0.8850 support and 0.8990 resistance.
The expected trend for today: Bullish
The NZDUSD tests the resistance – Analysis - 08-09-2023
The NZDUSD pair trades with slight positivity by today’s open to test the key resistance 0.5900, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next targets located at 0.5820 followed by 0.5750.
MoreThe AUDUSD is stable – Analysis - 08-09-2023
The AUDUSD pair didn’t show any strong move in the previous sessions, thus, the bearish trend scenario will remain valid for the upcoming period without any change, supported by the negative pressure formed by the EMA50, waiting to head towards 0.6300 as a next main target, reminding you that it is important to hold below 0.6400 to continue the expected decline.
MoreBrent oil price forms negative pattern – Analysis - 08-09-2023
Brent oil price couldn’t manage to continue the rise, noticing that the price recorded lower high as appears on the chart, to start declining and heads towards building bearish wave on the intraday basis, targeting visiting 88.20 initially, noting that breaking this level will push the price to 86.75 as a next negative target.
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