The USDCHF under the negative pressure again – Analysis - 22-07-2021
The USDCHF pair could not manage to hold for long time above 0.9200, to trade negatively and settles below it, and it might head for additional decline affected by stochastic negativity.
In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 0.9135 and holding below it, reminding you that our next main target is located at 0.9265.
The expected trading range for today is between 0.9130 support and 0.9240 resistance.
The expected trend for today: Bullish
The NZDUSD attempts to recover – Analysis - 22-07-2021
The NZDUSD pair achieved some gains yesterday but it faces negative pressure formed by the EMA50, which forces the price to decline again, waiting to resume the bearish trend that its next main target located at 0.6810.
We should note that the continuation of the bearish wave depends on the price stability below 0.7015.
The expected trading range for today is between 0.6880 support and 0.6990 resistance
The expected trend for today: Bearish
The AUDUSD loses momentum – Analysis - 22-07-2021
The AUDUSD pair shows some bullish bias to approach testing 0.7375 level, accompanied by stochastic loss to the positive momentum clearly, which supports the chances of bouncing bearishly to resume the expected bearish trend for the upcoming period, which targets 0.7230 level as a next station.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.7375.
The expected trading range for today is between 0.7280 support and 0.7400 resistance
The expected trend for today: Bearish
Brent oil price achieves strong gains – Analysis - 22-07-2021
Brent oil price reached 72.30 level and started to turn down now, to keep the negative effect of the double top pattern that appears on the chart active, expecting to start new bearish wave that targets 69.60 followed by 67.70 levels mainly.
Therefore, the bearish bias will be suggested for today, supported by stochastic and the EMA50 negativity, noting that breaching 72.75 will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 70.00 support and 73.00 resistance.
The expected trend for today: Bearish