USDCHF leans on the support – Analysis - 20-03-2018
The USDCHF pair approached the key support 0.9488 again and keeps its stability above it, accompanied by witnessing clear positive signals by stochastic, while the EMA50 continues to carry the price from below.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, reminding you that our next target is located at 0.9581, while holding above 0.9488 represents key condition to continue the expected rise.
Expected trading range for today is between 0.9460 support and 0.9610 resistance.
Expected trend for today: Bullish
NZDUSD gets a negative signal – Analysis - 20-03-2018
The NZDUSD pair begins today’s trading with bearish bias after the rise that it witnessed yesterday, as we notice that stochastic provides negative signal to motivate the price to resume the bearish trend, waiting to break 0.7185 level to confirm opening the way to head towards 0.7107 as a next main station.
Therefore, the bearish trend will remain suggested for today unless breaching 0.7281 level and holding above it.
Expected trading range for today is between 0.7120 support and 0.7281
Expected trend for today: Bearish
AUDUSD loses momentum – Analysis - 20-03-2018
The AUDUSD pair fluctuates within sideways and tight track since yesterday, noticing that stochastic loses its positive momentum clearly to reach the overbought areas’ thresholds, while the EMA50 forms negative pressure against the price.
Therefore, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, and the targets begin at 0.7650, noting that breaking this level will extend the bearish wave to reach 0.7500, while breaching 0.7743 will stop the expected decline and push the price towards 0.7818 initially.
Expected trading range for today is between 0.7600 support and 0.7760
Expected trend for today: Bearish
Brent oil approaches the resistance – Analysis - 20-03-2018
Brent oil price trades near the sideways range resistance line located at 66.54, and the sideways bias still dominant on the intraday basis until the price manages to confirm breaching one of this range’s lines represented by the mentioned resistance at 64.00 support.
Note that breaching 66.54 will open the way to resume the main bullish trend that its positive targets begin at 67.68 followed by 69.08, while breaking 64.00 will force the price to head towards 61.71 initially before determining the next short term trend.
Expected trading range for today is between 64.00 support and 67.68 resistance.
Expected trend for today: Sideways