The USDCHF presses on the support – Analysis - 10-08-2022
The USDCHF pair fluctuates around 0.9530 level and attempts to break it, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms negative pressure against the price.
Therefore, these factors support the chances of continuing the expected bearish trend on the intraday and short term basis, which its next target reaches 0.9400, while holding below 0.9630 represents key condition to achieve it.
The expected trading range for today is between 0.9450 support and 0.9580 resistance.
The expected trend for today: Bearish
Brent oil price tests the channel’s resistance – Analysis - 10-08-2022
Brent oil price tested the main bearish channel’s resistance and bounced bearishly from there, as the EMA50 managed to protect the negative scenario, to continue suggesting the bearish trend for the upcoming period, waiting to confirm breaking 98.70 to ease the mission of heading towards 95.90 followed by 90.45 levels as main targets.
Note that breaching 100.25 might push the price to achieve intraday gains that target testing 102.25 level before any new attempt to decline.
The expected trading range for today is between 96.00 support and 100.50 resistance.
The expected trend for today: Bearish
The NZDUSD gets a positive motive – Analysis - 10-08-2022
The NZDUSD pair fluctuates around the EMA50, and stochastic begins to provide positive signals now, to support the continuation of the expected bullish trend on the intraday basis, which its targets begin by breaching 0.6320 to head towards 0.6380.
In general, we will continue to suggest the bullish trend conditioned by the price stability above 0.6257.
The expected trading range for today is between 0.6260 support and 0.6350 resistance
The expected trend for today: Bullish
The AUDUSD faces solid resistance – Analysis - 10-08-2022
The AUDUSD pair shows some slight bearish bias affected by the strength of 0.6980 level, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the bullish wave that its next target located at 0.7050.
Therefore, our bullish overview will remain valid and active for the upcoming period, reminding you that it is important to hold above 0.6910 to achieve the waited targets.
The expected trading range for today is between 0.6930 support and 0.7030 resistance
The expected trend for today: Bullish