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Midday update for the EURUSD 08-08-2022

Economies.com
2022-08-08 10:20AM UTC

The EURUSD pair attempts to surpass 1.0200 level and finds solid resistance there, while stochastic continues to provide the positive signals, to keep the bullish trend scenario active for today, which its first target located at 1.0278, while achieving it requires holding above 1.01000.

 

The expected trading range for today is between 1.0120 support and 1.0278 resistance.

 

The expected trend for today: Bullish

The NZDCAD forms minor bearish channel – Analysis – 8-8-2022

Economies.com
2022-08-08 05:38AM UTC

The NZDCAD pair formed minor bearish channel recently, to notice its consolidation below 0.8115 resistance, to start crawling negatively near 0.8070.

 

The continuous stability of the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect renewing the negative attack, to press on 0.8030 level, while breaking it allow us to expect suffering many losses by moving towards 0.7985 followed by 0.7920.

 

The expected trading range for today is between 0.8100 and 0.8030

 

The expected trend for today: Bearish

Natural gas price begins to decline – Analysis – 8-8-2022

Economies.com
2022-08-08 05:37AM UTC

Natural gas price surrendered to the domination of the bearish bias, to notice crawling below 8.110 level recently and suffer some losses by reaching 7.820, noticing stochastic crawl below 50 to increase the negative pressures and allow us to suggest more negative attempts that target 7.550 level initially, while breaking this obstacle will push the price towards 7.050 as a next negative target.

 

The expected trading range for today is between 8.100 and 7.550

 

The expected trend for today: Bearish

Hang Seng index faces key support Analysis – 8-8-2022

Economies.com
2022-08-08 05:37AM UTC

Hang Seng index succeeded to stop the negative bleeding by facing key support at 19355 that forms 61.8% Fibonacci correction level, to rebound upwards towards 20020.

 

Also, stochastic rally above 50 will provide the price with new positive momentum to assist to renew the correctional attempts, allowing us to wait to move towards 20470 followed by trying to touch the moving average 55 at 21200.

 

The expected trading range for today is between 19750 and 20400

 

The expected trend for today: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1688 (2025-07-13 06:35AM UTC)