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Midday update for the EURUSD 08-09-2023
The EURUSD pair shows slight negative trades now that hint heading to resume the expected bearish trend for today, motivated by the negative overlapping signal provided by stochastic now, waiting to head towards our main expected target at 1.0635.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1.0785 and holding with a daily close above it.
The expected trading range for today is between 1.0635 support and 1.0785 resistance.
The expected trend for today: Overall bearish
The CADCHF holds above the support – Analysis – 8-9-2023
The CADCHF pair succeeded to get rid of the negative pressures, to keep its stability above the additional support near 0.6445, to increase the chances of activating the bullish track and start covering the losses that appeared recently, touching 0.6545 level.
MoreNo news for natural gas price – Analysis – 8-9-2023
Natural gas price didn’t move, to continue providing sideways trades and settling near 2.600 level, while the chances of activating the previously suggested bullish track still valid as long as 2.450 support line remains intact, waiting to gather the positive momentum to ease the mission of achieving some gains by moving towards 2.900 and 3.100.
MoreThe EURJPY repeats testing the initial support – Analysis – 8-9-2023
The EURJPY pair ended the temporary negative fluctuation by testing the initial support 157.00, followed by renewing the positive action by rallying towards 157.90, while the frequent stability within the bullish channel and stochastic attempt to provide the positive momentum assist to activate the previously suggested bullish attack, to keep waiting to reach the positive stations represented by 159.20 and 159.80 levels.
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