The USDCHF resumes the rise – Analysis - 13-10-2021
The USDCHF pair provided positive trades yesterday to move away from 0.9265, reinforcing the expectations of continuing the bullish trend, waiting to visit 0.9345 as a first target, noting that breaching this level will open the way to achieve more gains on the intraday and short term basis.
Stochastic current negativity might force the price to achieve temporary decline before resuming the expected bullish trend, which will remain valid conditioned by the price stability above 0.9265.
The expected trading range for today is between 0.9265 support and 0.9345 resistance.
The expected trend for today: Bullish
The NZDUSD is stable – Analysis - 13-10-2021
The NZDUSD pair hovers around the EMA50, settling below 0.6945 level, thus, no change to our bearish overview that targets 0.6890 followed by 0.6805 levels, noting that breaching 0.6990 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 0.6870 support and 0.6970 resistance
The expected trend for today: Bearish
The AUDUSD faces solid resistance – Analysis - 13-10-2021
The AUDUSD pair rebounds bearishly after testing the bullish channel’s resistance that appears on the chart, to test 0.7325 now, noticing that stochastic gains the positive momentum now, waiting to motivate the price to resume the bullish wave that its next target located at 0.7405.
Therefore, we will continue to suggest the bullish trend on the intraday basis unless breaking 0.7290 and holding below it.
The expected trading range for today is between 0.7300 support and 0.7400 resistance
The expected trend for today: Bullish
Brent oil price awaits more decline – Analysis - 13-10-2021
Brent oil price provided negative trades yesterday and approached 82.15 level, which is considered as key support to the intraday trades, as breaking it represents the key to rally towards our waited negative targets, which start at 80.85 and extend to 79.25.
Until now, we will continue to suggest the bearish trend for the upcoming period as long as 83.55 level remains intact, as breaching this level will lead the price to resume the main bullish trend that its targets begin by attacking 84.20 level followed by rallying to achieve new gains on the short term and medium term basis.
The expected trading range for today is between 81.20 support and 84.00 resistance.
The expected trend for today: Bearish