Midday update for Crude oil 15-09-2021
Crude oil price attempts to breach 71.05 level now, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting for more rise to head towards 73.30 that represents our net station, noting that the EMA50 continues to support the expected rise, which conditions holding above 69.25.
The expected trading range for today is between 69.50 support and 72.50 resistance.
The expected trend for today: Bullish
Midday update for the GBPUSD 15-09-2021
The GBPUSD pair resumes its positive trading clearly to surpass the EMA50 and reinforce the expectations of continuing the main bullish trend, motivated by stochastic current positivity, waiting for more rise to visit 1.3890 followed by 1.3965, reminding you that it is important to hold above 1.3770 to continue the suggested bullish trend.
The expected trading range for today is between 1.3750 support and 1.3900 resistance.
The expected trend for today: Overall Bullish
Midday update for the EURUSD 15-09-2021
The EURUSD pair trades with clear positivity to attack the bearish channel’s resistance and moves above it now, which urges caution from the upcoming trading, as the price heads for potential turn for the trend to the upside, especially that stochastic provides positive signals now, which makes us prefer staying neutral now until we get clearer signal for the next trend.
Note that holding above 1.1825 will lead the price to visit 1.1888 initially, while trading below it again will reactivate the bearish trend scenario that targets 1.1780 followed by 1.1700 levels as next main stations.
The expected trading range for today is between 1.1750 support and 1.1888 resistance.
The expected trend for today: Neutral
The EURJPY reaches the first target – Analysis – 15-9-2021
The EURJPY price shows more of the bearish bias moves to reach the thresholds of the initial waited targets at 129.25, and we expect the continuation of the negative pressure to test the most important support at 128.80.
The moving average 55 supports the expected decline, which will remain valid unless the price rallied to breach 130.85 level and held above it.
The expected trading range for today is between 128.50 and 130.00
The expected trend for today: Bearish