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The USDCHF touches the first target – Analysis - 21-08-2023
The USDCHF pair succeeded to achieve our first waited target at 0.8825 and settles there, waiting to breach this level to open the way to head towards our next positive target at 0.8890.
The EMA50 continues to support the bullish wave that moves organized inside the bullish channel that appears on the chart, noting that breaking 0.8775 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.8750 support and 0.8900 resistance.
The expected trend for today: Bullish
The NZDUSD awaits more decline – Analysis - 21-08-2023
The NZDUSD pair crawls downwards and reach 0.5900 level, moving within bearish channel that supports the chances of surpassing this level and open the way to extend the bearish wave on the intraday and short-term basis, reminding you that our next stations reach 0.5840 followed by 0.5750.
MoreThe AUDUSD continues the attempts to break – Analysis - 21-08-2023
The AUDUSD pair continues to fluctuate around 0.6400 level and finds difficulty to confirm breaking it, noticing that stochastic loses the positive momentum again, waiting to assist to push the price to break this level followed by continuing the decline on the intraday and short-term basis, reminding you that our next target is located at 0.6310.
MoreBrent oil price completes positive pattern – Analysis - 21-08-2023
Brent oil price traded with clear positivity in the previous sessions to breach 84.33 and settles above it, and by taking a deeper look at the chart, we find that the price completed forming double bottom pattern that supports the chances of achieving more rise in the upcoming sessions, to confirm stopping the recently suggested negative scenario and head to resume the bullish trend again, noting that the expected targets begin at 86.75 and extend to 88.20.
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