The USDCHF within sideways track – Analysis - 19-09-2023
The USDCHF pair continues to fluctuate within sideways track as appears on the chart, thus, the bullish trend scenario will remain n valid as it is without any change, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 0.8995 and extend to 0.9050 after surpassing the previous level.
The expected trading range for today is between 0.8910 support and 0.9050 resistance.
The expected trend for today: Bullish
The NZDUSD within tight range – Analysis - 19-09-2023
The NZDUSD pair didn’t show any strong move since yesterday, to fluctuate around the EMA50, thus, no change to the expected bullish trend scenario for the upcoming period, which depends on the price stability above 0.5900, reminding you that our targets begin by surpassing 0.5935 to open the way to rally towards 0.6020.
The expected trading range for today is between 0.5880 support and 0.5980 resistance
The expected trend for today: Bullish
The AUDUSD awaits more rise – Analysis - 19-09-2023
The AUDUSD pair is testing the intraday bullish channel’s support line and consolidates above it, waiting to resume the positive trades to head towards our expected positive target at 0.6545, supported by stochastic positivity.
The EMA50 carries the price from below to reinforce the expectations to rise, which will remain valid unless breaking 0.6400 and holding with a daily close below it.
The expected trading range for today is between 0.6390 support and 0.6490 resistance
The expected trend for today: Bullish
Brent oil price approaches the resistance – Analysis - 19-09-2023
Brent oil price leaned on the bullish channel’s support line again and begins to trade positively by today’s open, to approach the main bullish channel’s resistance at 95.20, waiting to surpass this level and open the way to rally towards 96.80 as a next main target.
The EMA50 continues to support the price from below to reinforce the chances of continuing the expected bullish trend, taking into consideration that breaking 94.05 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 93.80 support and 96.80 resistance.
The expected trend for today: Bullish