The USDCHF still stuck – Analysis - 19-10-2021
The USDCHF pair continues to fluctuate between 0.9200 support and 0.9265 resistance, and as we mentioned in our recent reports, these levels represent the next trend keys, to keep our neutrality valid until the price manages to breach one of these levels and detect the next targets clearly.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, while the expected targets after the breach and explained in our previous report.
The expected trading range for today is between 0.9170 support and 0.9265 resistance.
The expected trend for today: Neutral
The NZDUSD surpasses the resistance – Analysis - 19-10-2021
The NZDUSD pair rallied upwards strongly to breach 0.7080 and opens the way to head towards our main waited positive target at 0.7170, and we expect the continuation of the bullish bias in the upcoming sessions to achieve more gains on the short term and medium term basis.
Therefore, we will continue to suggest the domination of the bullish trend supported by the EMA50, noting that holding above 0.7080 represents the first condition to continue the expected rise.
The expected trading range for today is between 0.7070 support and 0.7170 resistance
The expected trend for today: Bullish
The AUDUSD resumes the bullish rally – Analysis - 19-10-2021
The AUDUSD pair opens today’s trading with strong rise to move away from 0.7405, reinforcing the expectations of continuing the bullish trend that moves organized inside the bullish channel that appears on the chart, waiting for more rise to visit 0.7478 mainly.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 0.7360.
The expected trading range for today is between 0.7400 support and 0.7490 resistance
The expected trend for today: Bullish
Brent oil price under the negative pressure – Analysis - 19-10-2021
Brent oil price provided clear negative trades on yesterday’s evening to break the intraday bullish trend line, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting the main bullish channel’s support line around 81.15.
Therefore, we expect the continuation of the bearish bias on the intraday basis unless breaching 84.35 and holding above it, as breaching this level will motivate the price to regain the main bullish track again and head towards 86.65 initially.
The expected trading range for today is between 82.30 support and 85.00 resistance.
The expected trend for today: Bearish