The USDCHF surpasses the resistance – Analysis - 07-06-2022
The USDCHF pair rallied upwards strongly to breach 0.9630 level and reach 0.9730 direct, to hint heading to regain the main bullish trend again, noting that breaching the last level will extend the bullish wave to reach 0.9860 as a next station.
Therefore, the bullish bias will remain suggested for the upcoming period, noting that failing to breach 0.9730 will put the price uner the negative pressure again.
The expected trading range for today is between 0.9670 support and 0.9780 resistance.
The expected trend for today: Bullish
The NZDUSD hits the first target – Analysis - 07-06-2022
The NZDUSD pair resumed its negative trades to touch 0.6465 and attempts to break it, reinforcing the expectations of continuing the bearihs trend, which its next target reaches 0.6405.
The EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 0.6525 and hold above it.
The expected trading range for today is between 0.6410 support and 0.6510 resistance
The expected trend for today: Bearish
The AUDUSD presses on the support – Analysis - 07-06-2022
The AUDUSD pair bounced bearishly to touch 0.7160 level and begins to press negatively on it now, which supports the continuation of the expected bearish trend scenario on the intraday basis, which targets 0.7100 as a next station.
Note that failing to break 0.7160 will lead the price to achieve intraday gains and head to test 0.7265 before determining the next destination clearly.
The expected trading range for today is between 0.7110 support and 0.7210 resistance
The expected trend for today: Bearish
Brent oil price gets a positive signal – Analysis - 07-06-2022
Brent oil price traded negatively yesterday but it returned to settle above 119.00, and stochastic begins to overlap positively now, waiting to motivate the price to resume the main bullish trend, which targets testing 121.30 as a first station.
Therefore, the positive scenario will remain valid for the upcoming period conditioned by the price stability above 119.00, noting that breaching the targeted level will push the price to 122.90 as a next main station.
The expected trading range for today is between 118.00 support and 122.00 resistance.
The expected trend for today: Bullish