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.
Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.6257 and holding below it.
The expected trading range for today is between 0.6250 support and 0.6350 resistance
The expected trend for today: Bullish
The 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.
Therefore, the bullish trend scenario will remain active for the upcoming period, noting that breaking 0.6910 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 0.6910 support and 0.7020 resistance
The expected trend for today: Bullish
Brent 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.
Therefore, the bearish trend scenario will remain dominant on the intraday basis unless the price rallied to breach 102.25 – 102.90 levels and hold above them.
The expected trading range for today is between 97.50 support and 102.25 resistance.
The expected trend for today: Bearish