|
The USDCHF price gathers the positive momentum – Forecast today - 08-11-2024
The USDCHF price shows some bearish bias after finding solid resistance at 0.8778, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the positive trades to breach the mentioned level followed by rallying towards 0.8830$ and 0.8883$ levels that represent the next positive target.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 0.8673 and holding below it.
The expected trading range for today is between 0.8670 support and 0.8800 resistance.
Trend forecast: Bullish
Thanks for your feedback.
The NZDUSD price breaches the resistance – Forecast today - 08-11-2024
The NZDUSD price continued to rise to breach 0.6000$ and settle above it, to hint heading to recover in the upcoming sessions, but we notice that the price lost its positive momentum and press on the mentioned level, which might push the price to decline again.
MoreThe AUDUSD price achieves additional bullish correction – Forecast today - 08-11-2024
The AUDUSD price rallied upwards strongly yesterday to breach 0.6632$ level and achieve additional bullish correction to reach 38.2% Fibonacci level at 0.6691$, noticing that the price begins today negatively to head towards resuming the bearish track again, motivated by stochastic negativity.
MoreBrent oil price rises again – Forecast today - 08-11-2024
Brent oil price returned to rise after the negative pressure that it witnessed in the previous sessions, as it settled above 75.36$ level again, to revive the positive scenario that targets 76.84$ as a next station, reminding you that breaching it will lead the price to visit 78.66$ areas on the near-term basis.
More