Price Analysis for USDCHF

Expected Scenario

• The USDCHF price couldn’t manage to confirm breaking 0.9014 level, to rebound bullishly and surpass the EMA50 now, which stops the correctional bearish scenario and lead the price to resume the main bullish trend, on its way to achieve positive targets that start at 0.9224.
• Therefore, the bullish bias will be suggested in the upcoming period, noting that breaking 0.9014 will stop the expected rise and push the price to achieve more bearish correction.

Expected Trading Range

Between 0.9000 support and 0.9150 resistance

Price Analysis for NZDUSD

Expected Scenario

• The NZDUSD price shows sideways trades in the previous sessions, as it lacks the required positive momentum to continue the rise, waiting to get positive motive that assist to push the price to breach 0.6140$ and confirm rallying towards 0.6228$ that represents our next target.
• Therefore, our bullish overview will remain valid unless breaking 0.6070$ and holding below it.

Expected Trading Range

Between 0.6070$ support and 0.6170$ resistance

Price Analysis for AUDUSD

Expected Scenario

• The AUDUSD price faces temporary negative pressure to approach retesting the neckline of the inverted head and shoulders’ pattern that appears on the chart, which forms key support at 0.6640$, noticing that the EMA50 meets this support to add more strength to it, while stochastic gains the positive momentum and begin to overlap positively now.
• Therefore, we believe that the chances valid to resume the bullish trend in the upcoming sessions, and the targets begin at 0.6728$ and extend to 0.6800$, noting that breaking 0.6640$ will stop the expected rise and push the price to turn to decline.

Expected Trading Range

Between 0.6620$ support and 0.6720$ resistance

Price Analysis for Brent Oil

Expected Scenario

The Brent oil price has resumed positive trading and is currently testing the EMA50. Further upward movement is expected to target 84.77$, representing the main objective of the current bullish wave, thereby maintaining a positive scenario on the intraday basis.

It's important to note that the current uptrend is considered temporary unless there is a breakout above 84.77$ and a sustained hold above it. Failure to breach this level could lead to a resumption of the main bearish trend, targeting 82.40$ and potentially extending to new negative targets around 80.08$.

Expected Trading Range

Between 82.20$ support and 85.10$ resistance.