The USDCHF rises calmly – Analysis - 21-09-2020
The USDCHF pair leaned on the intraday bullish trend line and begins rising again, to surpass the EMA50 and settles above it, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its next target located at 0.9192.
We should note that the continuation of the bullish wave requires holding above 0.9050.
The expected trading range for today is between 0.9055 support and 0.9160 resistance.
The expected trend for today: Bullish
The NZDUSD awaits the breach – Analysis - 21-09-2020
The NZDUSD pair continues the attempts to breach 0.6788 level, noting that stochastic approaches the oversold areas, waiting to motivate the price to achieve the required breach and open the way to rally towards 0.6900 that represents our next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6710.
The expected trading range for today is between 0.6730 support and 0.6850
The expected trend for today: Bullish
The AUDUSD is stable – Analysis - 21-09-2020
The AUDUSD pair keeps its stability above the bullish channel’s support line that appears on the chart, noticing that stochastic begins overlapping positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 0.7413 level initially.
The EMA50 supports the expected rise, which its continuation requires holding above 0.7250.
The expected trading range for today is between 0.7260 support and 0.7400
The expected trend for today: Bullish
Brent oil price keeps its positive stability – Analysis - 21-09-2020
Brent oil price tested the key support 43.00 and bounced bullishly from there, to keep the bullish trend scenario valid and active for the upcoming period, and the price needs to breach 43.84 to confirm opening the way to continue rising on the intraday and short term basis, as our next target reaches 44.87.
The EMA50 keeps supporting the price from below to support the positive overview, which will remain valid conditioned by the price stability above 43.00.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish