The USDCHF touches the target – Analysis - 20-03-2019
The USDCHF pair succeeded to touch our main waited target at 0.9990 and settles there now, reminding you that breaking this level will extend the bearish wave to target 0.9900 level as a next main station, noting that moving below the EMA50 supports the chances of continuing the decline in the upcoming sessions.
Therefore, we will keep our bearish overview for today unless breaching 1.0035 level and holding above it.
The expected trading range for today is between 0.9940 support and 1.0035 resistance.
The expected trend for today: Bearish
The NZDUSD tests the moving average – Analysis - 20-03-2019
The NZDUSD pair begins today’s trading negatively to test the EMA50, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its first target located at 0.6910.
Note that holding above 0.6795 is important to continue the expected rise, as breaking it will press on the price to decline towards 0.6750 followed by 0.6654 levels mainly.
The expected trading range for today is betwenen 0.6790 support and 0.6910
The expected trend for today: Bullish
The AUDUSD affected by the negative momentum – Analysis - 20-03-2019
The AUDUSD pair shows some bearish bias to approach the key support 0.7044, as the price is affected by stochastic negativity, and it needs to hold above the mentioned level to keep the bullish trend scenario active for the upcoming period, waiting to breach 0.7120 level to ease the mission of heading towards our next positive target at 0.7250.
We should note that breaking 0.7044 will put the price under negative pressure that its main targets begin at 0.6900.
The expected trading range for today is between 0.7020 support and 0.7150
The expected trend for today: Bullish
Brent oil price tests the moving average – Analysis - 20-03-2019
Brent oil price fluctuates near the EMA50 and keeps its stability above it, noticing that stochastic begins to overlap positively now, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which targets 72.65 level as a next main station.
Therefore, our bullish overview will remain active for today, taking into consideration that breaking 67.00 will put the price under negative pressure that targets testing 66.00 level and might extend to 63.95 before any new attempt to rise.
The expected trading range for today is between 66.50 support and 69.50 resistance.
The expected trend for today: Bullish