The USDCHF surpasses the first target – Analysis - 26-03-2021
The USDCHF pair managed to breach 0.9375 level and hold above it, which support the continuation of our bullish overview efficiently for the upcoming sessions, paving the way to head towards our extended target at 0.9494.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 0.9375.
The expected trading range for today is between 0.9350 support and 0.9470 resistance.
The expected trend for today: Bullish
The NZDUSD awaits more decline – Analysis - 26-03-2021
The NZDUSD pair continues to fluctuate below 0.7000, to keep the negative pressure valid for the upcoming period, supported by the EMA50, reminding you that our next target is located at 0.6895.
Note that breaching 0.7000 and holding above it is considered as an initial positive key to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 0.6910 support and 0.7040 resistance
The expected trend for today: Bearish
The AUDUSD is stable – Analysis - 26-03-2021
The AUDUSD pair provided negative trades yesterday but it returns to settle around 0.7615, keeping its stability below it, which keeps the bearish trend scenario valid and active for today, supported by stochastic loss to the positive momentum, waiting to head towards 0.7500 as a next target.
Note that breaching 0.7615 and holding above it will stop the suggested decline and lead the price to attempt to recover and visit 0.7765 level initially.
The expected trading range for today is between 0.7540 support and 0.7650 resistance
The expected trend for today: Bearish
Brent oil price is affected by the positive momentum – Analysis - 26-03-2021
Brent oil price bounced bullishly after testing 61.00 barrier yesterday, approaching to test 62.95 level, and as we mentioned in our previous reports, the price needs to hold below this level to keep the bearish trend active for the upcoming period, as breaching it will lead the price to turn to rise and achieve gains that start at 64.55.
Note that breaking 61.00 will ease the mission of achieving negative targets that start at 60.40 and extend to 57.75.
The expected trading range for today is between 61.00 support and 63.50 resistance.
The expected trend for today: Bearish