|
Midday update for the EURUSD 04-10-2021
The EURUSD pair trades positively to breach 1.1605 and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and leads the price to achieve intraday gains that its targets begin by testing 1.1700 areas.
The EMA50 and stochastic provide negative signals that support the expected decline, and the price needs to trade below 1.1605 again to resume the bearish trend that its next target located at 1.1500.
The expected trading range for today is between 1.1490 support and 1.1635 resistance.
The expected trend for today: Bearish
Natural gas price faces historical barrier – Analysis – 4-10-2021
Natural gas price failed to resume the bullish attack due to reaching 6.307 that forms historical resistance as appears on the chart, to interprets the negative rebound towards 5.750.
MoreNikkei index continues to record the targets – Analysis – 4-10-2021
Nikkei index reacted to stochastic negativity recently, to notice forming strong negative attack and achieve many negative targets by reaching 29200.00, noticing that the moving average 55 forms additional barrier near 28760.00 to increase the negative pressures on the price, waiting to touch 28100.00 support line to form the next negative target of the bearish bias.
MoreThe Australian index settles below the moving average – Analysis – 4-10-2021
The Australian index started to form new positive trades after facing the additional support at 7125.00, to rally positively towards 7290.00and face the moving average 55, while resuming the bullish attempts needs a breach to the current barrier to open the way to reach new positive stations that might start at 7345.00 followed by 7405.00 as an expected positive target for the bullish trades.
More