|
The USDCHF within a negative pattern – Analysis - 12-05-2021
The USDCHF pair’s recent trades are confined within rising wedge pattern that its signs appear on the chart, thus, the price needs to break 0.9015 to get negative motive that supports the expectations of continuing the main bearish trend, which its next target located at 0.8900.
Therefore, we will keep our bearish overview unless breaching 0.9100 and holding above it.
The expected trading range for today is between 0.8970 support and 0.9080 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
The NZDUSD needs the positive momentum – Analysis - 12-05-2021
The NZDUSD pair fluctuates within sideways and tight track, settling around 0.7260, while the EMA50 continues to support the price from below, to keep the bullish trend active on the intraday and short term basis, reminding you that our next target extends to 0.7400, while achieving it requires holding above 0.7185.
MoreThe AUDUSD gets a positive signal – Analysis - 12-05-2021
The AUDUSD pair keeps its stability above the key support base 0.7810, to keep the bullish trend valid and active for the upcoming period, motivated by stochastic positivity, waiting to visit 0.7900 initially.
MoreBrent oil price resumes the rise – Analysis - 12-05-2021
Brent oil price bounced bullishly after leaning on the bullish channel’s support line, getting positive support by the EMA50 and stochastic, to reinforce the expectations of continuing the main bullish trend, which targets 71.35 levels as a next main station.
More