The USDCHF within negative pattern – Analysis - 21-06-2022
The USDCHF pair touched our first waited target at 0.9630, noticing that the recent trades are confined within bearish pennant’s pattern that its signs appear on the chart, thus, breaking 0.9645 will active the negative effect of this pattern and push the price to break 0.9630 level and rally towards our next negative target at 0.9525.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.9730 and holding above it.
The expected trading range for today is between 0.9600 support and 0.9700 resistance.
The expected trend for today: Bearish
The NZDUSD crawls upwards – Analysis - 21-06-2022
The NZDUSD pair shows positive trades to settle above 0.6300 barrier, waiting for more rise to visit 0.6405 that represents our first main target, to keep the bullish trend scenario active on the intraday basis.
Moving above the EMA50 supports the expected rise, which will remain valid conditioned by the price stability above 0.6290.
The expected trading range for today is between 0.6300 support and 0.6400 resistance
The expected trend for today: Bullish
The AUDUSD hits the first positive target – Analysis - 21-06-2022
The AUDUSD pair touched our first positive target at 0.6995 and settles near it now, waiting to get positive momentum that assist to push the price to surpass this level and open the way to head towards 0.7050 that represents our next target.
Therefore, the bullish trend scenario will remain valid for the upcoming period unless breaking 0.6930 and holding below it.
The expected trading range for today is between 0.6930 support and 0.7030 resistance
The expected trend for today: Bullish
Brent oil price is recovering – Analysis - 21-06-2022
Brent oil price rallied upwards strongly after failing to break 110.10 level, to head towards testing 115.10 as a first positive station, making the bullish bias suggested in the upcoming sessions, noting that breaching this level will extend the bullish wave to reach 118.00 areas.
On the other hand, we should note that breaking 112.30 will stop the suggested positive scenario and press on the price to decline again, to attack 110.10 level initially.
The expected trading range for today is between 111.00 support and 117.00 resistance.
The expected trend for today: Bullish