USDCHF resumes rising – Analysis - 08-12-2017
The USDCHF pair traded with clear positivity yesterday to move away from 0.9892 level, reinforcing our expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to target the previously recorded top at 1.0038 as a next main station.
Therefore, we will keep our bullish trend expectations for the upcoming sessions supported by the EMA50, unless we witnessed clear break and hold below 0.9892.
Expected trading range for today is between 0.9892 support and 1.0038 resistance.
Expected trend for today: Bullish
NZDUSD gets a negative close – Analysis - 08-12-2017
The NZDUSD pair managed to break the symmetrical triangle's support line and closed the daily candlestick below it, which reinforces the expectations of continuing the main bearish trend, which targets testing 0.6780 level as a next station, reminding you that breaking this level will push the price towards 0.6620 on the near term basis.
Therefore, we will continue to suggest the bearish trend for today unless breaching 0.6862 level and holding above it, as breaching this level will push the price to test 0.6925 and might extend to 0.6964 areas before any new attempt to decline.
Expected trading range for today is between 0.6750 support and 0.6900
Expected trend for today: Bearish
AUDUSD breaks the support – Analysis - 08-12-2017
The AUDUSD pair succeeded to break 0.7516 level and closed the daily candlestick below it, which supports the continuation of our bearish trend expectations efficiently in the upcoming period, paving the way to head towards our next target at 0.7415.
Therefore, the bearish trend will remain dominant for today unless the price managed to breach 0.7545 followed by 0.7565 levels and hold above them.
Expected trading range for today is between 0.7415 support and 0.7565
Expected trend for today: Bearish
Brent Oil tests the support – Analysis - 08-12-2017
Brent oil price tests the key resistance 62.35 now, accompanied by stochastic entering the overbought areas now, while the EMA50 meets the mentioned resistance to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which targets 60.95 followed by 59.81 levels mainly, noting that breaching 62.35 will stop the correctional bearish pressure and push the price to resume the main bullish trend again.
Expected trading range for today is between 59.80 support and 63.35 resistance.
Expected trend for today: Bearish