The USDCHF resumes the rise – Analysis - 09-06-2022
The USDCHF pair leaned on 0.9730 level to resume the bullish wave and approach 0.9800 barrier, to support the continuation of the expected bullish trend for the upcoming period, on its way to visit 0.9860 as a next station.
The EMA50 supports the suggested rise, reminding you that it is important to hold above 0.9730 to achieve the waited targets.
The expected trading range for today is between 0.9730 support and 0.9860 resistance.
The expected trend for today: Bullish
The NZDUSD crawls downwards – Analysis - 09-06-2022
The NZDUSD pair shows calm negative trades to crawl towards 0.6405 level, waiting for more decline to surpass this level and head towards 0.6295 followed by 0.6210 levels as next negative targets.
In general, we will continue to suggest the bearish trend unless breaching 0.6525 and holding above it.
The expected trading range for today is between 0.6390 support and 0.6475 resistance
The expected trend for today: Bearish
The AUDUSD awaits the break – Analysis - 09-06-2022
The AUDUSD pair begins today with new negativity to start pressing on 0.7160 level, waiting to break this level to confirm extending the bearish wave towards 0.7100.
By taking a deeper look at the chart, we find that the price draws double top pattern that supports the chances of achieving more decline in the upcoming period, to continue suggesting the bearish trend unless the price rallied to breach 0.7265 and hold above it.
The expected trading range for today is between 0.7110 support and 0.7200 resistance
The expected trend for today: Bearish
Brent oil price achieves strong gains – Analysis - 09-06-2022
Brent oil price soared yesterday to surpass our waited target at 122.70 and settles above 123.00 barrier, reinforcing the expectations of continuing the domination of the bullish trend on the longer term basis, and we expect to head to visit 126.15 as a next main target.
Therefore, the bullish trend will remain dominant in the upcoming period, noting that breaking 121.30 will stop the suggested rise and press on the price to turn to decline.
The expected trading range for today is between 121.50 support and 125.50 resistance.
The expected trend for today: Bullish