USDCHF resumes rising – Analysis - 19-03-2018
The USDCHF pair leaned well on 0.9488 level to resume its positive trading, on its way towards our first waited target at 0.9581, as the price moves inside bullish channel that appears on the above chart, supported by the EMA50 that protects trading inside this channel, noting that breaching the targeted level will extend the pair’s gains to reach 0.9675.
Therefore, the bullish trend will remain suggested for today unless we witnessed clear break for 0.9488 followed by 0.9460 levels and hold below them.
Expected trading range for today is between 0.9460 support and 0.9610 resistance.
Expected trend for today: Bullish
NZDUSD approaches the target – Analysis - 19-03-2018
The NZDUSD pair resumed its negative trading clearly to approach our main waited target at 0.7185, noting that the price forms triple top pattern now, which means that breaking the mentioned level will extend the pair’s losses to reach 0.7107 followed by 0.7030 on the short term basis.
The EMA50 forms negative pressure that supports the chances of continuing the bearish trend in the upcoming period, to keep the bearish bias suggested on the intraday and short term basis unless the price managed to breach 0.7281 level and hold above it.
Expected trading range for today is between 0.7120 support and 0.7281
Expected trend for today: Bearish
AUDUSD surpasses the first target – Analysis - 19-03-2018
The AUDUSD pair managed to surpass our first waited target at 0.7743 and settles below it, to resume its negative trading by today’s opening, paving the way to head towards our next target at 0.7650.
Therefore, the bearish trend will remain valid in the upcoming sessions unless the price managed to breach 0.7743 level and hold above it.
Expected trading range for today is between 0.7600 support and 0.7760
Expected trend for today: Bearish
Brent oil attempts to recover – Analysis - 19-03-2018
Brent oil price rallied upwards clearly in the previous sessions to breach 65.40 level and reach 66.54 direct, witnessing signs of sideways rangat that appears on the chart, as we believe that we will witness sideways trades in the upcoming sessions, especially that stochastic provides negative signals now that we expect to push the price to decline.
Therefore, the sideways bias will be expect on the intraday basis until the price manages to surpass 64.00 support or 65.40 resistance, as breaking this support will push the price to visit 61.71 mainly, while breaching the resistance will lead the price to return to the main bullish trend that targets 67.68 followed by 69.08 levels initially.
Expected trading range for today is between 64.00 support and 67.00 resistance.
Expected trend for today: Sideways