The USDCHF needs the positive momentum – Analysis - 10-06-2022
The USDCHF pair tested 0.9730 level yesterday and bounced upwards clearly, to keep the bullish trend scenario active on the intraday and short term basis, and the way is open to achieve our next target at 0.9860.
The price might witness some temporary sideways fluctuation until getting positive momentum that assists to push trades to continue the suggested bullish trend, noting that the continuation of the bullish wave requires holding above 0.9730.
The expected trading range for today is between 0.9730 support and 0.9860 resistance.
The expected trend for today: Bullish
The NZDUSD breaks the support – Analysis - 10-06-2022
The NZDUSD pair managed to break 0.6405 level and close the daily candlestick below it, which supports the continuation of the expected bearish trend scenario for the upcoming period, opening the way to target 0.6295 followed by 0.6210 levels that represent our next negative stations.
Holding below 0.6405 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target 0.6465 and extend to 0.6525 levels.
The expected trading range for today is between 0.6330 support and 0.6440 resistance
The expected trend for today: Bearish
The AUDUSD hits the target – Analysis - 10-06-2022
The AUDUSD pair broke 0.7160 level strongly to rally bearishly and touch our waited target at 0.7100, and we expect the continuation of the negative pressure in the upcoming sessions to achieve more negative targets that reach 0.7050 followed by 0.6995.
Therefore, we are waiting for more decline on the intraday basis, noting that breaching 0.7160 will stop the current negative pressure and lead the price to attempt to regain the bullish trend again.
The expected trading range for today is between 0.7040 support and 0.7140 resistance
The expected trend for today: Bearish
Brent oil price completes negative pattern – Analysis - 10-06-2022
Brent oil price faces negative pressure by today’s open to attack 121.30 level, noticing that the price is affected by the rising wedge pattern that its signs appear on the chart, which hints heading to achieve more expected decline on the intraday basis, as we expect to visit the bullish channel’s support line around 117.90 mainly.
Therefore, the bearish trend will be expected expected for today unless the price rallied to surpass 121.30 followed by 122.00 levels and holding above them
The expected trading range for today is between 118.50 support and 123.00 resistance.
The expected trend for today: Bearish