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The GBPCHF awaits the negative momentum – Forecast today – 24-9-2024

Economies.com
2024-09-24 05:07AM UTC

The GBPCHF price ended the correctional bullish rally by facing 1.1340 level, to form key barrier against it and forcing it to provide some negative trades by touching 1.1275 level.

 

The lack of the negative momentum caused by the contradiction between the major indicators might force it to provide more sideways trades until gathering the required momentum to manage to activate the negative trades by targeting 1.1230 level first, followed by waiting to attack 50% Fibonacci correction level at 1.1180.

 

The expected trading range for today is between 1.1230 and 1.1320

 

Trend forecast: Bearish

Natural gas price surpasses the target – Forecast today – 24-9-2024

Economies.com
2024-09-24 05:06AM UTC

Natural gas price formed new bullish rally yesterday, surpassing the previously waited targets and settling near 2.665$, confirming its surrender to the domination of the bullish bias until this moment.

 

Forming additional support at 2.520$ and the continuous positive momentum coming by the major indicators allow us to expect forming new bullish waves, to target 2.780$ level, followed by monitoring the price behavior to manage to detect the next suggested targets.

 

The expected trading range for today is between 2.600$ and 2.780$

 

Trend forecast: Bullish

The EURJPY gets the positive momentum – Forecast today – 24-9-2024

Economies.com
2024-09-24 05:04AM UTC

The EURJPY pair started to get the positive momentum due to stochastic stability above 20 level, in addition to the MA55 that forms new bullish support at 159.00, to notice starting this morning with a rally towards 159.90.

 

Therefore, we will keep our bullish overview, assuring the importance of surpassing 160.25 level now to ease the mission of reaching the main positive stations, represented by 161.10 and 161.65 levels.

 

The expected trading range for today is between 159.25 and 161.10

 

Trend forecast: Bullish

The GBPJPY repeats the positive closings – Forecast today – 24-9-2024

Economies.com
2024-09-24 05:03AM UTC

The GBPJPY pair provided mixed trades yesterday due to the lack of the positive momentum, touching 190.15 level followed by turning back to settle above the additional support 191.80, confirming keeping the bullish track, to notice recording 192.15 level now.

 

These factors confirm the preparation to resume the bullish attempts, to expect gaining the positive momentum soon and attack the MA55 at 193.00, while surpassing it will push the price to target 50% Fibonacci correction level at 194.15.

 

The expected trading range for today is between 191.20 and 193.30

 

Trend forecast: Bullish