The USDCHF tests the resistance – Analysis - 21-07-2022
The USDCHF pair provided positive trades to test the key resistance 0.9730, and begins to rebound bearishly to hint heading to resume the expected bearish trend on the intraday basis, motivated by stochastic current negativity, waiting to visit 0.9630 mainly.
Holding below 0.9730 is important to continue the expected decline, as breaching it will lead the price to start new recovery attempts and achieve gains that reach 0.9860.
The expected trading range for today is between 0.9630 support and 0.9760 resistance.
The expected trend for today: Bearish
The NZDUSD tests the channel’s support – Analysis - 21-07-2022
The NZDUSD pair faced temporary negative pressure to test the bullish channel’s support line that appears on the chart, accompanied by witnessing positive signals by stochastic, waiting to resume the bullish wave that its targets begin by breaching 0.6257 to confirm rallying towards 0.6320 as a next station.
Until now, the bullish trend scenario still valid conditioned by the price stability above 0.6180.
The expected trading range for today is between 0.6180 support and 0.6300 resistance
The expected trend for today: Bullish
The AUDUSD gets a new positive signal – Analysis - 21-07-2022
The AUDUSD pair moves within intraday bullish channel that carries the price to achieve more expected gains in the upcoming period, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the bullish wave that its next target located at 0.6980.
Therefore, the bullish trend scenario will remain active, noting that breaking 0.6870 might press on the price to decline towards 0.6820 areas before any new attempt to rise.
The expected trading range for today is between 0.6850 support and 0.6985 resistance
The expected trend for today: Bullish
Brent oil price needs positive momentum – Analysis - 21-07-2022
Brent oil price’s recent trade are confined within bearish pennant’s support line that its signs appear on the chart, thus, the price needs to breach 108.00 to get positive motive that push the price to achieve new gains that start by testing 109.60 and extend to 115.50 areas after the surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 106.00.
The expected trading range for today is between 105.50 support and 110.00 resistance.
The expected trend for today: Bullish