|
The USDCHF tests the support – Analysis - 18-08-2023
The USDCHF pair is testing the key support 0.8775 now, and the EMA50 meets this support to add more strength to it, waiting to resume the bullish wave that targets 0.8825 initially, reminding you that surpassing this level will push the price to 0.8890 as a next positive station.
Therefore, the bullish trend scenario will remain valid and active unless breaking 0.8775 and holding below it.
The expected trading range for today is between 0.8720 support and 0.8860 resistance.
The expected trend for today: Bullish
The NZDUSD gets negative motive – Analysis - 18-08-2023
The NZDUSD pair shows sideways trades since yesterday, trading near 0.5900 level, and stochastic begins to overlap negatively now, to support the chances of resuming the negative trades and break the mentioned level followed by rallying towards our next targets that start at 0.5840 and extend to 0.5750.
MoreThe AUDUSD faces solid support – Analysis - 18-08-2023
The AUDUSD pair attempts to break 0.6400 level and finds solid support there, noticing that stochastic provides new negative signal now, waiting to motivate the price to surpass the mentioned level and open the way to head towards 0.6310 as a next main station.
MoreBrent oil price consolidates below the resistance – Analysis - 18-08-2023
Brent oil price is testing the key resistance 84.33 now, and the price needs to consolidate below this level to keep the correctional bearish trend valid, which targets 83.15 followed by 81.90 levels as next main stations.
More