The USDCHF under the negative pressure – Analysis - 18-07-2022
The USDCHF pair broke the bullish channel’s support line strongly to reach 0.9730 direct, and we expect to surpass this level to open the way to provide more negative trades in the upcoming sessions, to head towards visiting 0.9630 areas as a next main station.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that the consolidation of 0.9730 level against the current negative pressure will stop the suggested negative scenario and lead the price to resume the main bullish wave again.
The expected trading range for today is between 0.9670 support and 0.9800 resistance.
The expected trend for today: Bearish
The NZDUSD breaches the resistance – Analysis - 18-07-2022
The NZDUSD pair rallied upwards by today’s open to breach the bearish channel’s resistance and settles above it, to start bearish correction for the decline that started from 0.6576 areas, paving the way to head towards 0.6257 followed by 0.6318 levels as next main targets.
Therefore, the bullish trend will be expected in the upcoming sessions conditioned by the price stability above 0.6145.
The expected trading range for today is between 0.6140 support and 0.6250 resistance
The expected trend for today: Bullish
The AUDUSD confirms the beginning of the bullish correction – Analysis - 18-07-2022
The AUDUSD pair breached 0.6790 level clearly and settles above it, to start bullish correction for the decline measured from 0.7070 to 0.6710, on its way to achieve positive targets that start at 0.6845 and extend to 0.6930.
Therefore, the bullish bias will be suggested on the intraday basis unless breaking 0.6755 and holding below it.
The expected trading range for today is between 0.6770 support and 0.6880 resistance
The expected trend for today: Bullish
Brent oil price breaches the resistance – Analysis - 18-07-2022
Brent oil price started today with new positivity to breach 102.25 and attempts to hold above it, which leads the price to achieve expected rise in the upcoming sessions, targeting visiting 105.50 followed by 109.60 levels as next main stations.
Therefore, we expect to witness more bullish bias on the intraday basis, taking into consideration that breaking 102.25 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 101.00 support and 107.00 resistance.
The expected trend for today: Bullish