Natural gas price settles above the support – Analysis – 20-10-2021
There is no change on Natural gas price track by its repeated stability above the extra support at 4.880 level, to increase the chances for begin the expected bullish attack, and providing positive momentum by stochastic reach to 80 level will ease the mission of targeting the positive stations that are located at 5.140 and 5.500.
The expected trading range for today is between 4.8800 and 5.140
The expected trend for today: Bullish
GBPNZD resumes the decline– Analysis – 20-10-2021
GBPNZD price formed a new bearish wave to settle below 1.9315 level, which forms the neckline of the inverted head and shoulders pattern, and that reinforces the domination of the bearish track, to expect forming a strong bearish attack, to target 1.9160 level reaching the initial support at 1.9065.
Stochastic fluctuation within the oversold level supports our negative expectation by providing extra negative momentum, to ease the mission of reaching the suggested targets.
The expected trading range for today is between 1.9310 and 1.9190
The expected trend for today: Bearish.
The Australian index renews the bullish attempts – Analysis – 20-10-2021
The Australian index price kept its stability within the bullish channel levels after testing the main support to 7130.00, to surpass the moving average 55 to settle near 7435.00.
Stochastic reach to the overbought level will increase the chances for gathering positive momentum that makes us prefer more of the upside moves in the current period, to target 7520.00 level initially reaching 7700.00 resistance.
The expected trading range for today is between 7350.00 and 7520.00
The expected trend for today: Bullish
The EURJPY keeps rising – Analysis – 20-10-2021
The EURJPY price got advantages from the repeated positive pressures that come from providing extra positive momentum by the main indicators to resume the bullish attack, to surpass 133.10 level achieving 133.40 level.
Reminding that the stability of the support at 132.05 forms a main factor to confirm the continuation of the positivity, to keep waiting for hitting the next target at 133.60, then monitor its attitude due to it importance for detecting the main trend in the upcoming trading.
The expected trading range for today is between 132.60 and 133.60
The expected trend for today: Bullish