The USDCHF surpasses the resistance – Analysis - 19-03-2021
The USDCHF pair traded with strong positivity yesterday to breach 0.9256 level, as it approached 0.9318 level, but it bounced bearishly to hint the continuation of the bearish trend domination on the intraday trades, supported by stochastic current negativity, which makes us suggest witnessing more decline in the upcoming sessions, waiting to break 0.9256 to reinforce the chances of heading towards 0.9180 as a first negative target.
On the other hand, we should note that breaching 0.9290 followed by 0.9318 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.9200 support and 0.9320 resistance.
The expected trend for today: Bearish
The NZDUSD resumes the decline – Analysis - 19-03-2021
The NZDUSD pair resumed its negative trading after resting the broken support of the bullish channel that appears on the chart, to keep the bearish trend valid and active for the upcoming period, which targets 0.7100 level as a first station.
Moving below the EMA50 supports the suggested negative scenario, which will remain valid unless breaching 0.7250 and holding above it.
The expected trading range for today is between 0.7100 support and 0.7220 resistance
The expected trend for today: Bearish
The AUDUSD declines again – Analysis - 19-03-2021
The AUDUSD pair bounced downwards strongly after touching 0.7850 in the previous sessions, to break 0.7765 and settles below it again, which reactivate the correctional bearish trend, which targets 0.7615 level initially.
Therefore, we expect witnessing more decline in the upcoming sessions conditioned by the price stability below 0.7765.
The expected trading range for today is between 0.7670 support and 0.7800 resistance
The expected trend for today: Bearish
Brent oil price suffers strong losses – Analysis - 19-03-2021
Brent oil price declined sharply yesterday to surpass our waited target at 65.80 and touched 61.45, to notice that the price is retracing the entire bullish wave from 35.71 to 71.35, thus, we expect the continuation of the bearish trend domination in the upcoming sessions, noting that breaking 62.94 will confirm opening the way to head towards 60.20 followed by 57.75 levels as next negative targets.
The EMA50 supports the expected decline, noting that failing to achieve the required break will push the price to achieve intraday gains and test 65.75 areas before any new attempt to decline.
The expected trading range for today is between 61.50 support and 64.60 resistance.
The expected trend for today: Bearish