The USDCHF needs the positive momentum – Analysis - 26-11-2021
The USDCHF pair ended yesterday above 0.9345, to reinforce the expectations of continuing the bullish trend, which targets 0.9400 followed by 0.9470 levels as next main stations, noting that the price begins today with clear decline to move below 0.9345, waiting to get positive momentum that assist to push the price to rise again.
Consolidating above 0.9315 is important to continue the expected rise, as breaking it will press on the price to test 0.9265 level before any new attempt to rise.
The expected trading range for today is between 0.9280 support and 0.9400 resistance.
The expected trend for today: Bullish
The NZDUSD keeps declining – Analysis - 26-11-2021
The NZDUSD pair keeps declining to approach the extended target at 0.6800, breaking the bearish channel’s support line to hint opening the way to achieve more decline on the short term and medium term basis, to extend the next target at 0.6700.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that it is important to hold below 0.6875 to continue the expected decline.
The expected trading range for today is between 0.6760 support and 0.6870 resistance
The expected trend for today: Bearish
The AUDUSD hits the extended target – Analysis - 26-11-2021
The AUDUSD pair resumes its negative trades strongly by today’s open to achieve the extended target at 0.7135, showing more bearish bias to hint heading to achieve more expected decline on the intraday and short term basis, and we expect to test 0.7100 barrier in the upcoming sessions.
Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that breaching 0.7170 will push the price to test 0.7230 areas before any new attempt to decline.
The expected trading range for today is between 0.7090 support and 0.7170 resistance
The expected trend for today: Bearish
Brent oil price breaks the support – Analysis - 26-11-2021
Brent oil price begins today with bearish gap and strong decline to break 80.80 and reach 79.00 barrier now, to reactivate the correctional bearish trend, on its way to achieve negative targets that start at 77.70, noting that breaking this level will extend the bearish wave to reach 75.20 as a next main station.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 80.80 and hold above it.
The expected trading range for today is between 77.50 support and 80.50 resistance.
The expected trend for today: Bearish