Natural gas price settles with the bullish channel – Analysis – 27-10-2021
Natural gas price provided new positive momentum above the bullish channel’s support line at 5.620, to reinforce the domination of the previously expected bullish bias, also, 5.830 level forms additional support to assist to renew the bullish attempts, to keep waiting to target 6.270 level, while surpassing it might extend gains towards 6.508 in the medium term period.
The expected trading range for today is between 5.830 and 6.270
The expected trend for today: Bullish
The EURNZD under the negative effect – Analysis – 27-10-2021
The EURNZD pair still affected by the negative pressures, represented by the stability of the additional barrier at 1.6305 in addition to stochastic negative momentum signals to notice fluctuating near 1.6180 level.
The mentioned negative factors support the attempt to renew the negative attack, to keep waiting to record the main negative targets near 1.6070 followed by reaching the next support at 1.5900.
The expected trading range for today is between 1.6240 and 1.6070
The expected trend for today: Bearish
The EURJPY still bullish – Analysis – 27-10-2021
Despite the EURJPY price weak trades yesterday, the positive stability above 131.80 support line forms major factor to confirm the continuation of the previously suggested positivity, while stochastic exit from the oversold areas will increase the chances of gathering the positive momentum, to keep waiting to achieve the positive targets at 132.90 and 133.55.
The expected trading range for today is between 132.00 and 132.90
The expected trend for today: Bullish
The GBPJPY takes advantage of the support line stability – Analysis – 27-10-2021
The GBPJPY pair took advantage of the stability of the additional support at 156.00 to notice renewing the bullish attempts by touching 157.76 level yesterday, also, stochastic begins to provide the positive momentum to increase the chances of providing new positive pressures on 158.44 resistance in order to find a way to resume the bullish attack in the upcoming period.
We should note that attempting to break the mentioned support and holding below it, will confirm surrendering to the domination of the correctional bearish bias to expect suffering losses by moving towards 155.30 and 154.50 levels.
The expected trading range for today is between 156.40 and 158.44
The expected trend for today: Bullish