USDCHF touches the target – Analysis - 02-03-2018
The USDCHF pair succeeded to touch our main waited target at 0.9488 and bounced downwards clearly from there, to approach testing the key support base formed above 0.9373, noticing that the EMA50 provides the positive support to the price, while stochastic gets rid of its negative momentum to move inside the oversold areas now.
Therefore, we believe that the chances are valid to resume the correctional bullish bias in the upcoming sessions, and breaching 0.9488 will confirm opening the way to head towards 0.9581 as a next station, while breaking 0.9373 will put the price within the main bearish track again.
Expected trading range for today is between 0.9300 support and 0.9488 resistance.
Expected trend for today: Bullish
NZDUSD tests the resistance – Analysis - 02-03-2018
The NZDUSD pair traded with clear positivity yesterday to reach the key resistance 0.7281 now, which is met by the EMA50 to add more strength to it, accompanied by stochastic losing the bullish momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, to start the negative targets by breaking 0.7185 level and open the way to head towards 0.7107, noting that breaching 0.7281 will stop the current negative pressure and lead the price to regain the main bullish track again.
Expected trading range for today is between 0.7185 support and 0.7340
Expected trend for today: Bearish
AUDUSD attempts positively – Analysis - 02-03-2018
The AUDUSD pair provided positive trading yesterday to settle above 0.7743 level, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, while the EMA50 keeps providing the negative pressure.
Therefore, we believe that the chances are valid to resume the bearish trend in the upcoming sessions, which its next main target located at 0.7650, taking into consideration that breaching 0.7818 will stop the suggested decline and push the price to return to the main bullish trend again.
Expected trading range for today is between 0.7650 support and 0.7818
Expected trend for today: Bearish
Brent oil pushes on the support – Analysis - 02-03-2018
Brent oil price attempted to break 64.00 level yesterday, starting today with bearish bias in attempt to confirm breaking the mentioned level, which supports the continuation of our bearish overview efficiently in the upcoming period, reminding you that our next target reaches 61.71.
Therefore, the bearish trend scenario will remain suggested for today unless breaching 65.40 followed by 66.54 levels and holding above them.
Expected trading range for today is between 62.00 support and 65.40 resistance.
Expected trend for today: Bearish