The USDCHF resumes the decline – Analysis - 05-01-2022
The USDCHF pair bounced downwards clearly yesterday to succeed touching our first waited negative target at 0.9140, waiting for more decline to break this level and head towards 0.9060 as a next station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9200 and hold above it.
The expected trading range for today is between 0.9100 support and 0.9200 resistance.
The expected trend for today: Bearish
The NZDUSD awaits confirmation signal – Analysis - 05-01-2022
The NZDUSD pair continues to fluctuate between the next trend keys represented by 0.6780 support and 0.6830 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels.
We remind you that breaching the mentioned resistance will lead the price to achieve bullish correction that its targets begin at 0.6895, while breaking the support represents negative factor that will press on the price to visit 0.6700 as a first main target.
The expected trading range for today is between 0.6750 support and 0.6850 resistance
The expected trend for today: Neutral
The AUDUSD resumes the rise – Analysis - 05-01-2022
The AUDUSD pair resumed its positive trades after testing the bullish channel’s support line, to head towards the first waited target at 0.7275, and we expect to surpass this level to visit the next correctional level at 0.7340.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.7195.
The expected trading range for today is between 0.7190 support and 0.7280 resistance
The expected trend for today: Bullish
Brent oil price approaches the target – Analysis - 05-01-2022
Brent oil price achieved additional gains and reached the thresholds of the waited target at 80.80, organized inside the bullish channel that appears on the chart, which supports the chances of breaching the mentioned level and extend the bullish wave towards 81.90 followed by 84.00 areas on the near term basis.
Therefore, the bullish trend will remain dominant in the upcoming period unless breaking 77.70 level and holding below it.
The expected trading range for today is between 78.30 support and 81.40 resistance.
The expected trend for today: Bullish