The USDCHF resumes the decline – Analysis - 30-11-2021
The USDCHF pair bounced lower clearly after testing 0.9265 level in the last sessions, to approach from our initial negative target at 0.9200, the continuation of the negative pressure is expected to break this level and open the way towards 0.9140 as a next target.
Therefore, the bearish trend scenario will remain valid in the upcoming period conditioned by the price’s stability below 0.9265 level.
The expected trading range for today is between 0.9150 support and 0.9265 resistance.
The expected trend for today: Bearish
The NZDUSD attempts negatively – Analysis - 30-11-2021
The NZDUSD pair provided negative trading yesterday, but it returns to fluctuate above 0.6800 level, waiting for getting a negative motive that assists to push the price to resume the decline that targets 0.6700 level mainly.
In general, we keep preferring the bearish trend in the upcoming period unless breaching 0.6875 level and holding above it.
The expected trading range for today is between 0.6770 support and 0.6875 resistance
The expected trend for today: Bearish
The AUDUSD awaits more decline – Analysis - 30-11-2021
The AUDUSD pair keeps fluctuating in sideways track as appears in the above chart, therefore, there is no change on the bearish trend scenario that organizes within the bearish channel, which depends on the stability below 0.7170 and 0.7195 levels, supported by the negative pressure that comes from the EMA50, reminding you that our next target is located at 0.7050.
The expected trading range for today is between 0.7090 support and 0.7170 resistance
The expected trend for today: Bearish
Brent oil price touches the first target – Analysis - 30-11-2021
Brent oil price declined strongly yesterday to succeed to hit our initial waited target at 72.70, and begins today with a new decline as a signal to head to surpass this level and openining the way towards the extended target that reach 69.60.
Therefore, we keep preferring the bearish trend in the upcoming period, supported by the negativity of the EMA50 and stochastic negativity, taking into consideration that holding below 75.20 represents the first condition for the continuation of the expected deline.
The expected trading range for today is between 71.00 support and 75.00 resistance.
The expected trend for today: Bearish