USDCHF forms negative pattern – Analysis - 07-03-2018
The USDCHF pair continues to fluctuate around the EMA50, starting today with slight bearish bias on its way to test the key support at 0.9345, which forms the neckline of the head and shoulders’ pattern that its signs appear on the chart, which means that breaking this support will confirm the continuation of the bearish trend in the upcoming sessions and push the price towards our main waited target at 0.7186 direct.
Therefore, our bearish overview will remain valid and active unless breaching 0.9415 level and holding above it.
Expected trading range for today is between 0.9280 support and 0.9415 resistance.
Expected trend for today: Bearish
NZDUSD attacks the resistance – Analysis - 07-03-2018
The NZDUSD pair rallied upwards clearly yesterday to attack 0.7281 level and settles above it, but it begins today with bearish bias affected by stochastic negativity, to move below the mentioned level, which keeps the chances valid to continue the correctional bearish trend in the upcoming period, waiting to head towards 0.7185 as a first station.
Therefore, we will continue to suggest the correctional bearish trend unless the price ends today’s trading above 0.7281.
Expected trading range for today is between 0.7185 support and 0.7330
Expected trend for today: Bearish
AUDUSD keeps its negative stability – Analysis - 07-03-2018
The AUDUSD pair provided clear positive trades yesterday to test the key resistance 0.7818, noticing that the price rebounds bearishly now after this level formed solid resistance against the price’s positive rally, which keeps the bearish trend scenario valid until now, supported by stochastic negativity, waiting to test 0.7743 level initially.
Breaking the targeted level will push the price towards 0.7650 as a next station, while breaching 0.7818 will stop the expected decline and lead the price to achieve positive targets that start at 0.7893 and extend to 0.7986.
Expected trading range for today is between 0.7700 support and 0.7860
Expected trend for today: Bearish
Brent oil tests the support base – Analysis - 07-03-2018
Brent oil price fluctuates around 65.40 level and keeps its stability above it, as the EMA50 meets this level to add more strength to it, while stochastic gains the positive momentum clearly, which forms positive factor tha we are waiting to motivate the price to continue rising.
Therefore, we will keep our bullish overview for the upcoming sessions conditioned by the price stability above 64.00 level, noting that the waited targets begin at 66.54 followed by 67.68.
Expected trading range for today is between 64.00 support and 67.68 resistance.
Expected trend for today: Bullish