The USDCHF resumes the decline – Analysis - 22-07-2022
The USDCHF pair bounced bearishly after testing 0.9730 in the previous sessions, to support the continuation of the expected bearish trend on the intraday basis, which targets testing 0.9630 as a next station.
Note that breaking the mentioned level will extend the bearish wave to reach 0.9530, while breaching 0.9730 will stop the suggested negative scenario and push the price to achieve new gains.
The expected trading range for today is between 0.9610 support and 0.9730 resistance.
The expected trend for today: Bearish
The NZDUSD faces solid support – Analysis - 22-07-2022
The NZDUSD pair provided clear positive trades yesterday after testing 0.6180 that formed solid support against the price, starting today with bearish bias to head towards testing the mentioned support, waiting to break it to confirm extending the bearish wave towards 0.6140.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.6257 and hold above it.
The expected trading range for today is between 0.6150 support and 0.6260 resistance
The expected trend for today: Bearish
The AUDUSD surpasses the resistance – Analysis - 22-07-2022
The AUDUSD pair rallied upwards after leaning on the intraday bullish channel’s support line, to breach 0.6910 and settles above it, hinting heading towards achieving more expected bullish correction, but it begins today with clear decline to press on the mentioned level.
Therefore, we prefer to stay aside until the price confirms its situation according to the mentioned level, as holding above it will push the price to head towards 0.6980 as a next positive target, while breaking it followed by breaking 0.6885 will press on the price to decline again and visit 0.6820 as a next negative station.
The expected trading range for today is between 0.6860 support and 0.6980 resistance
The expected trend for today: Bullish
Brent oil price stops at the key support – Analysis - 22-07-2022
Brent oil price’s decline stopped at 102.25, to rebound upwards strongly and heads towards testing the bearish channel’s resistance at 108.00, noting that surpassing this level will push the price to visit 109.60 direct.
Therefore, the bullish bias will be expected for today, noting that failing to surpass the current resistance around 105.80 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 103.50 support and 109.60 resistance.
The expected trend for today: Bullish