USDCHF leans on the support – Analysis - 12-12-2017
The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame.
Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop the expected rise and turns the price back to its bearish correctional track.
Expected trading range for today is between 0.9870 support and 1.0000 resistance.
Expected trend for today: Bullish
NZDUSD achieves some gains – Analysis - 12-12-2017
The NZDUSD pair continues to provide positive attempts, on its way to test the key resistance 0.6964, while stochastic shows clear overbought now, which forms negative factor that we are waiting to push the price to resume the bearish bias in the upcoming sessions.
In general, holding below 0.6964 keeps the overall bearish trend scenario active, as breaching it will push the price to start bullish correction that targets 0.7077 areas initially, while the expected bearish wave targets begin by testing the recently recorded low at 0.6780.
Expected trading range for today is between 0.6840 support and 0.6964
Expected trend for today: Bearish
AUDUSD tests the initial resistance – Analysis - 12-12-2017
The AUDUSD pair tested the first resistance 0.7545 and keeps its stability below it, accompanied by witnessing negative overlapping signal through stochastic now, which forms negative motive that we are waiting to push the price to resume the main bearish trend, and the price needs to break 0.7516 level to confirm the continuation of the bearish bias in the upcoming sessions.
Therefore, the bearish trend will remain expected on the intraday and short term basis conditioned by holding below 0.7545 and 0.7575 levels, noting 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 achieves strong gains – Analysis - 12-12-2017
Brent oil price rose strongly yesterday to breach the recently recorded top at 64.63 and settles above it, starting today with more rise to move away from the mentioned level, which confirms the turn to rise and resume the main bullish trend again, on its way to visit 66.95 level as a next main station.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, taking into consideration that breaking 64.63 will stop the current bullish rally and push the price for some temporary bearish correction.
Expected trading range for today is between 64.00 support and 67.50 resistance.
Expected trend for today: Bullish