The USDCHF touches the target – Analysis - 15-10-2021
The USDCHF pair managed to touch our waited target at 0.9200 and found solid support there, to show some bullish bias and head towards potential test to the key resistance 0.9265, and we recommend to stay aside now until we get clearer signal for the next trend, which we will get through breaching one of the mentioned levels.
Note that breaking 0.9200 support line will press on the price to achieve additional decline that reaches 0.9140 as a next target, while breaching 0.9265 represents the key to regain the bullish trend that its first target located at 0.9345.
The expected trading range for today is between 0.9180 support and 0.9265 resistance.
The expected trend for today: Neutral
The NZDUSD surpasses the resistance – Analysis - 15-10-2021
The NZDUSD pair managed to breach 0.7030 and hold above it, and begins to provide positive trades now, reinforcing the expectations of continuing the bullish trend, which targets 0.7080 as a next station.
Therefore, the bullish bias will remain dominant in the upcoming sessions conditioned by the price stability above 0.6990.
The expected trading range for today is between 0.7010 support and 0.7090 resistance
The expected trend for today: Bullish
The AUDUSD builds support base – Analysis - 15-10-2021
The AUDUSD pair settles above the support base formed above 0.7405, waiting to resume the positive trades to head towards 0.7478 that represents our next target.
In general, we will continue to suggest the bullish trend for the upcoming period as long as 0.7360 remains intact, noting that the EMA50 continues to support the expected bullish wave.
The expected trading range for today is between 0.7370 support and 0.7470 resistance
The expected trend for today: Bullish
Brent oil price approaches the first target – Analysis - 15-10-2021
Brent oil price continues to rise to approach our first waited target at 84.20, and we believe that the way is open to continue the bullish bias to achieve additional gains that reach 85.40.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that holding above 82.70 is important to continue the suggested bullish wave.
The expected trading range for today is between 83.00 support and 85.40 resistance.
The expected trend for today: Bullish