Natural gas price touches the first target – Analysis – 14-10-2021
Natural gas price gained new positive momentum yesterday as stochastic reach the overbought areas, to notice surpassing the moving average 55 and recording new positive targets by reaching the first target at 5.750.
The price stability within the bullish channel and getting more positive momentum by the major indicators support the continuation of the positivity, to keep waiting to reach new positive stations that might extend to 5.920 and 6.270.
The expected trading range for today is between 5.600 and 5.920
The expected trend for today: Bullish
The EURCHF resumes the negative crawling – Analysis – 14-10-2021
The EURCHF pair kept its negative stability below 1.0752 level, to notice renewing the negative attempts and forming bearish bias to settle below 1.0703, noting that stochastic continuous fluctuation near 20 level will increase the chances of gathering the negative momentum to ease the mission of resuming the bearish attack, which might target 1.0685 followed by 1.0663 levels soon.
The expected trading range for today is between 1.0722 and 1.0685
The expected trend for today: Bearish
The Australian index tests the additional resistance – Analysis – 14-10-2021
The Australian index formed temporary positive rally yesterday to face the additional resistance at 7357.00, while the upcoming scenario depends on the strength of this resistance, to expect the beginning of forming new bearish waves that target reaching 7235.00 level, followed by pressing on 7120.00 support line that forms the first main target of the bearish track.
The expected trading range for today is between 7360.00 and 7235.00
The expected trend for today: Bearish
The EURJPY records the targets – Analysis – 14-10-2021
The EURJPY price got advantages from its fluctuation above 23.6% Fibonacci correction level that is represented by 130.90 level, to notice forming a strong bullish rally to surpass the target that is represented by 131.55 level.
The continuation of providing positive momentum to the main indicators makes us expect resuming the bullish attack until hitting 132.05 level, which might form a strong obstacle against the bullish attempts in the current period.
The expected trading range for today is between 131.25 and 132.05
The expected trend for today: Bullish