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The USDCHF within tight track – Analysis - 20-05-2020
The tight range dominates the USDCHF pair’s recent trades, and as long as the price is below 0.9730, our bearish overview will remain valid, waiting to head towards 0.9626 mainly, reminding you that breaching 0.9730 will push the price to achieve positive targets that start at 0.9800 and extend to 0.9900.
The expected trading range for today is between 0.9650 support and 0.9770 resistance.
The expected trend for today: Bearish
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The NZDUSD tests the support base – Analysis - 20-05-2020
The NZDUSD pair ended yesterday at 0.6073 after breaching it in the previous sessions, facing negative pressure affected by stochastic negativity, and the price needs to consolidate above the mentioned level to confirm the continuation of the positive scenario mentioned in our last report, which targets 0.6216 as a next positive station.
MoreThe AUDUSD faces temporary negative pressure – Analysis - 20-05-2020
The AUDUSD pair shows bearish rebound after testing the broken support of the bullish channel that appears on the chart that turns into resistance now at 0.6595, affected by stochastic negativity, and the price needs to get enough positive momentum to push trades to resume the main bullish trend, which its next target located at 0.6685.
MoreBrent oil price needs a positive motive – Analysis - 20-05-2020
Brent oil price provided negative trades yesterday to settle around 34.50 now, and by taking a deeper look at the chart, we find that the price moves inside minor bearish channel that we believe it forms bullish flag patterm, which means that breaching 35.35 is considered as strong positive motive that supports the expectations of continuing the main bullish trend, so its targets will surpass 36.00 barrier and extend to 37.70 on the near term basis.
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