Midday update for the EURUSD 01-12-2022
The EURUSD pair shows more bullish bias to gradually approach our waited target at 1.0515, noting that the chances valid to surpass this level and achieve additional gains that reach 1.0600, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 1.0285.
The expected trading range for today is between 1.0350 support and 1.0520 resistance.
The expected trend for today: Bullish
The GBPCAD tends towards the positivity – Analysis – 1-12-2022
The GBPCAD pair repeated the positive fluctuation above the breached bullish channel’s resistance at 1.6135, attempting to reinforce the chances of resuming the rise and record many targets in the upcoming period by moving towards 1.6320 followed by reaching the additional barrier at 1.6500.
Note that declining below 1.6135 might force the price to postpone the bullish attack, to expect suffering some temporary losses by moving towards 1.6040 followed by reaching 50% Fibonacci correction level at 1.5990.
The expected trading range for today is between 1.6160 and 1.6320
The expected trend for today: Bullish
Natural gas price leans above the moving average – Analysis – 1-12-2022
Natural gas price repeated the positive closings above the moving average 55, to form additional support at 6.750 in order to confirm confining trades within the bullish track that appears on the chart.
Stochastic attempt to provide the positive momentum will assist to reinforce the chances of recoding many positive targets that might start at 7.200 and 7.650.
The expected trading range for today is between 6.800 and 7.650
The expected trend for today: Bullish
Hang Seng index gets rid of the negative pressures – Analysis – 1-12-2022
Despite Hang Seng index consolidation within the bearish channel, gathering the positive momentum and rallying above 18575 confirm getting rid of the negative pressures, to start forming correctional bullish waves by reaching 19045.
We notice that the price forms the inverted head and shoulders’ pattern that its neckline located at 18535, to expect resuming the bullish attack and surpass 19210 followed by waiting to test the bearish channel’s resistance at 19580.
The expected trading range for today is between 18600 and 19200
The expected trend for today: Bullish