The USDCHF resumes the rise – Analysis - 06-10-2021
The USDCHF pair managed to breach 0.9265 level and hold above it, which supports the continuation of our bullish overview efficiently for the upcoming period, paving the way to head towards our main waited target at 0.9345.
Moving above the EMA50 supports the suggested rise, which will remain valid unless breaking 0.9235 and holding below.
The expected trading range for today is between 0.9240 support and 0.9345 resistance.
The expected trend for today: Bullish
The NZDUSD begins negatively – Analysis - 06-10-2021
The NZDUSD pair opens today’s trading with clear negativity after approaching 0.6990 level, to keep the bearish trend scenario valid and active, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 0.6890 and extend to 0.6805 after breaking the previous level.
Stochastic negativity adds more support to the suggested negative scenario, which will remain valid unless breaching 0.6990 level and holding above it.
The expected trading range for today is between 0.6860 support and 0.6975 resistance
The expected trend for today: Bearish
The AUDUSD keeps its negative stability – Analysis - 06-10-2021
The AUDUSD pair resumes its negative trading by today’s open after consolidating below 0.7290 level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to break 0.7245 to ease the mission of heaing towards our next main target at 0.7170.
Stochastic supports the expected decline, which will remain valid conditioned by the price stability below 0.7290.
The expected trading range for today is between 0.7210 support and 0.7300 resistance
The expected trend for today: Bearish
Brent oil price achieves the full targets – Analysis - 06-10-2021
Brent oil price succeeded to achieve our extended target at 82.70, noticing that the price bounced bearishly from there to head towards potential visit to the bullish channel’s support line that appears on the chart, making the bearish trend suggested in the upcoming sessions, supported by stochastic negativity.
The expected targets begin at 79.90 and extend to 77.70, taking into consideration that breaching 83.05 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 80.50 support and 83.30 resistance.
The expected trend for today: Bearish