USDCHF under the negative pressure – Analysis - 20-11-2017
The USDCHF pair broke 0.9892 level and settles below it now, which supports the continuation of our correctional bearish trend efficiently in the upcoming period, and the way is open to head towards 0.9800 level that represents our next main target.
The EMA50 supports the negative overview, which will remain valid and active unless breaching 0.9930 followed by 0.9970 levels and holding above them.
Expected trading range for today is between 0.9800 support and 0.9930 resistance.
Expected trend for today: Bearish
NZDUSD surpasses the waited target – Analysis - 20-11-2017
The NZDUSD pair confirmed breaking 0.6818 level after closing last week below it, and it retests this level now that turns into key resistance, waiting to resume the bearish bias in the upcoming sessions, as our next target is located at 0.6618.
Therefore, we suggest the continuation of the bearish trend on the intraday and short trem basis, supported by the negative pressure formed by the EMA50, noting that breaching 0.6818 – 0.6862 levels will stop the expected bearish bias and push the price to test 0.6992 areas initially before any new attempt to decline.
Expected trading range for today is between 0.6720 support and 0.6900
Expected trend for today: Bearish
AUDUSD approaches the target – Analysis - 20-11-2017
The AUDUSD pair keeps declining to reach the thresholds of the waited target at 0.7516, as the bearish channel continues to push the price to achieve more decline, supported by the negative pressure coming by the EMA50, which supports the chances of breaking the mentioned level and extend the bearish wave towards 0.7415 areas on the near term basis.
Therefore, we believe that the bearish trendw ill remain dominant in the upcoming sessions, noting that holding below 0.7633 represents the first protecting factor to the continuation of the suggested negative scenario.
Expected trading range for today is between 0.7450 support and 0.7633
Expected trend for today: Bearish
Brent Oil succeeds to breach – Analysis - 20-11-2017
Brent oil price succeeded to rally upwards to breach 62.35 level and settles above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way to test the recently recorded top at 64.63 as a next main target, noting that breaching this level will push the price towards 70.00$ per barrel barrier.
Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 62.35 and the most important 60.95 levels and holding below them.
Expected trading range for today is between 61.50 support and 64.63 resistance.
Expected trend for today: Bullish