The USDCHF resumes the decline – Analysis - 23-03-2021
The USDCHF pair resumed its negative trades strongly to break 0.9256 and settles below it, reinforcing the expectations of continuing the bearish trend, which its next target located at 0.9180.
Stochastic and the EMA50 provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 0.9256 and the most important below 0.9318.
The expected trading range for today is between 0.9180 support and 0.9270 resistance.
The expected trend for today: Bearish
The NZDUSD hits the first target – Analysis - 23-03-2021
The NZDUSD pair trades with strong negativity by today’s open to succeed achieving our first expected target at 0.7100, and breaks it to open the way to extend th bearish wave, reminding you that our next target is located at 0.7000.
Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 0.7185 and holding above it.
The expected trading range for today is between 0.7000 support and 0.7140 resistance
The expected trend for today: Bearish
The AUDUSD begins negatively – Analysis - 23-03-2021
The AUDUSD pair opens today’s trading with clear negativity to move away from 0.7765 level, which support the expectations of continuing the correctional bearish trend, which its next target located at 0.7615.
Stochastic provides negative signals that support the expected negative scenario, which will remain valid conditioned by the price stability below 0.7765.
The expected trading range for today is between 0.7640 support and 0.7750 resistance
The expected trend for today: Bearish
Brent oil price awaits the confirmation signal – Analysis - 23-03-2021
Brent oil price attempted to breach 64.65 but it couldn’t manage to hold above it, to show bearish bias and head to test 63.65 support, which keeps our neutrality valid until the price confirms surpassing one of these levels to detect the next targets clearly.
Note that the continuation of the bearish bias and breaking 63.65 level will press on the price to resume the correctional bearish track and achieve negative targets that start at 62.95 followed by 62.00, while breaching 64.65 represents the key to head to achieve gains that reach 66.90.
The expected trading range for today is between 62.35 support and 65.50 resistance.
The expected trend for today: Neutral