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USDCHF resumes rising – Analysis - 18-07-2018
The USDCHF pair bounced upwards clearly yesterday to move around 1.0000 barrier now, which supports the continuation of our bullish overview on the intraday and short term basis, waiting to breach 1.0055 level to confirm extending the bullish wave towards 1.0170 that represents our next main target.
The EMA50 supports the expected rise, while the overall bullish trend will remain valid unless breaking 0.9880 followed by 0.9850 levels and holding below them.
Expected trading range for today is between 0.9950 support and 1.0080 resistance.
Expected trend for today: Bullish
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NZDUSD awaits the confirmation – Analysis - 18-07-2018
The NZDUSD pair bounced bearishly after testing 0.6827 level, to settle around 0.6774 level again, and as we mentioned in our last reports, these levels represent the next trend keys, as the price needs to breach one of them to detect its next destination clearly, which keeps our neutrality valid until now.
MoreAUDUSD breaks the support – Analysis - 18-07-2018
The AUDUSD pair managed to break 0.7400 level and closed the daily candlestick below it, which forms negative factor that activates the bearish trend scenario on the intraday basis, targeting heading towards 0.7270 areas initially.
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Brent oil price closed the daily candlestick below 72.00 level to confirm breaking this level, and by taking a deeper look at the chart, we find that the price completed forming a double top pattern that has negative targets that reach 63.50, which puts the price under expected negative pressure in the upcoming period, supported by the EMA50.
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