USDCHF tests the channel’s resistance – Analysis - 26-04-2018
The USDCHF pair touched the bullish channel’s resistance that appears on the chart, and the price might be forced to show some temporary decline to test the support base formed above 0.9790 before resuming the rise again.
In general, we will continue to suggest the bullish trend supported by the EMA50, depending on the organized trading inside the mentioned bullish channel, noting that our next target is located at 0.9900, while holding above 0.9790 represents key condition to continue the expected rise.
Expected trading range for today is between 0.9750 support and 0.9900 resistance.
Expected trend for today: Bullish
NZDUSD confirms the break – Analysis - 26-04-2018
The NZDUSD pair continued to decline yesterday after confirming breaking 0.7108 level, to head towards our next waited target at 0.7030, which represents 61.8% Fibonacci correction level for the rise from 0.6780 to 0.7436, which means that breaking it will push the price towards 0.6934 direct.
In general, we suggest the continuation of the bearish trend domination unless the price managed to breach 0.7108 and the most important 0.7185 and hold above them.
Expected trading range for today is between 0.6980 support and 0.7120
Expected trend for today: Bearish
AUDUSD under more negative pressure – Analysis - 26-04-2018
The AUDUSD pair provided more negative trades to gradually approach our main waited target at 0.7500, falling under continuous negative pressure by the EMA50, to support the continuation of the bearish trend in the upcoming sessions, beign aware that it is important to monitor the price behavior when reaching the mentioned target, due to its importance to detect the next targets on the short term and medium term basis.
Holding below 0.7650 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target 0.7743 areas initially.
Expected trading range for today is between 0.7500 support and 0.7620
Expected trend for today: Bearish
Brent oil keeps its positive stability – Analysis - 26-04-2018
The EMA50 succeeded to protect Brent oil price from suffering more losses, as it formed good support base that pushed the price to rise again, resuming the bullish trend that moves organized inside the bullish channels that appear on the chart.
Therefore, the bullish trend will remain dominant on the intraday and short term basis, noting that our next main target is located at 77.60, while holding above 73.58 represents key condition to continue the expected rise.
Expected trading range for today is between 73.00 support and 76.50 resistance.
Expected trend for today: Bullish