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The USDCHF tests the resistance – Analysis - 04-08-2022
The USDCHF pair continued to rise to surpass 0.9585 level and test the most important resistance at 0.9630, and consolidates below this resistance now, noticing that stochastic provides negative signals on the four hours’ time frame, waiting to motivate the pirce to rebound bearishly and resume the main bearish trend.
Therefore, the bearish bias will be expected for today unless breaching 0.9630 and holding above it, noting that our first negative target is located at 0.9530.
The expected trading range for today is between 0.9540 support and 0.9650 resistance.
The expected trend for today: Bearish
The NZDUSD confirms the breach – Analysis - 04-08-2022
The NZDUSD pair confirmed breaching 0.6257 level after closing the daily candlestick above it, to reactivate the bullish trend scenario and head towards achieving new gains that start at 0.6320 and extend to 0.6380 after breaching the previous level.
MoreThe AUDUSD keeps rising – Analysis - 04-08-2022
The AUDUSD pair provides additional positive trades to approach our first waited target at 0.6980, and we expect to surpass this level to head towards 0.7050 as a next positive station.
MoreBrent oil price breaks the support – Analysis - 04-08-2022
Brent oil price broke 102.25 level strongly and reached 100.00$ barrier, reinforcing the expectations of continuing the bearish trend efficiently for the upcoming sessions, reminding you that our next target is located at 99.25, and we expect to surpass this level to head towards 95.90 as a next main station.
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