The USDCHF resumes the decline – Analysis - 26-10-2020
The USDCHF pair resumed its negative trading after testing the bearish channel’s resistance, to approach our main waited target at 0.9010, waiting for more decline to surpass this level and open the way to head towards 0.8930 as a next negative station.
Therefore, the bearish trend will remain valid and suggested in the upcoming sessions unless breaching 0.9090 level and holding above it.
The expected trading range for today is between 0.8970 support and 0.9090 resistance.
The expected trend for today: Bearish
The NZDUSD continues to rise – Analysis - 26-10-2020
The NZDUSD pair continues the calm rise and settles near 0.6700 barrier, and stochastic begins to get rid of its negative momentum, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 0.6788.
Therefore, our bullish overview will remain valid and active, noting that failing to surpass 0.6705 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 0.6640 support and 0.6760
The expected trend for today: Bullish
The AUDUSD awaits bearish rebound – Analysis - 26-10-2020
The AUDUSD pair settles near the bearish channel’s resistance that appears on the chart, and the price begins providing slight negative trades that hint the price head to resume the recently suggested bearish trend, supported by stochastic negativity, waiting to achieve negative targets that start at 0.7000 followed by 0.6964.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.7170 and holding above it.
The expected trading range for today is between 0.7050 support and 0.7180
The expected trend for today: Bearish
Brent oil price resumes the decline – Analysis - 26-10-2020
Brent oil price traded with strong negativity in the previous sessions to reach 41.00 barrier thresholds now, which supports the continuation of our bearish overview, and the way is open to achieve our main waited negative target at 40.23.
Therefore, we are waiting for more decline today, noting that breaking the targeted level will extend brent oil price losses to reach 38.80 as a next negative station, while the expected decline will remain valid unless the price rallied to breach 42.30 level and hold above it.
The expected trading range for today is between 39.50 support and 42.30 resistance.
The expected trend for today: Bearish