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USDCHF gains the positive momentum – Analysis - 11-12-2017

Economies.com
2017-12-11 04:56AM UTC

The USDCHF pair shows some bearish bias to approach to test the key support base at 0.9892, which is met by the EMA50 to add more strength to it, notincing that stochastic gained clear positive momentum on the four hours' time frame, reinforcing the chances of bouncing bullishly in the upcoming sessions.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by holding above 0.9892 level, reminding you that our main waited target is located at 1.0038.

 

Expected trading range for today is between 0.9850 support and 1.0000 resistance.

 

Expected trend for today: Bullish

NZDUSD begins positively – Analysis - 11-12-2017

Economies.com
2017-12-11 04:56AM UTC

The NZDUSD pair opens today's trading with clear positivity to approach from testing the symmetrical triangle's resistnce that appears on the above chart, noting that the price stability below this resistance at 0.6915 will keep the chances valid to resume the main bearish trend, waiting to test 0.6780 level initially.

 

Therefore, we will continue to suggest the overall bearish trend unless breaching 0.6915 followed by 0.6964 levels and holding above them, as breaching the last level will open the way to start bullish correction that its next target located at 0.7077.

 

Expected trading range for today is between 0.6780 support and 0.6950

 

Expected trend for today: Bearish

AUDUSD hovers around the support – Analysis - 11-12-2017

Economies.com
2017-12-11 04:55AM UTC

The AUDUSD pair fluctuates around 0.7516 level and moves above it now, while the EMA50 keeps pushing negatively on the price, reinforcing the chances of continuing the expected bearish trend for the upcoming period, besides stochastic losing its bullish momentum gradually.

 

Therefore, our bearish overview will remain active on the intraday and short term basis unless the price managed to breach 0.7545 followed by 0.7575 levels and hold above them, reminding you that our next main target is located at 0.7415.

 

Expected trading range for today is between 0.7430 support and 0.7575

 

Expected trend for today: Bearish

Brent Oil loses momentum – Analysis - 11-12-2017

Economies.com
2017-12-11 04:55AM UTC

Brent oil price touched the correctional bearish channel's resistance that appears on the above chart and shows some slight bearish bias from there, which hints the price head to resume the correctional bearish bias that started after recording the recent top at 64.63, supported by the clear overbought signals that appear through stochastic.

 

Therefore, the bearish trend will remain expected in the upcoming sessions unless we witnessed clear breach and hold above 63.50, noting that our expected targets begin at 62.35 and extend to 60.95.

 

Expected trading range for today is between 61.00 support and 64.63 resistance.

 

Expected trend for today: Bearish