Midday update for the EURUSD 13-01-2021
The EURUSD pair shows bearish bias now to approach testing the key support 1.2173, affected by stochastic negativity, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for today, as breaking it will press on the price to return to the correctional bearish track again, while our next positive targets located at 1.2300 and 1.2350.
The expected trading range for today is between 1.2150 support and 1.2300 resistance.
The expected trend for today: Bullish
Natural gas price tends towards the positivity – Analysis – 13-1-2021
Despite the negative rebound that natural gas price formed from 2.888 level yesterday, it will not affect its bullish track that depends on the stability of 2.550 support line, also, the fluctuation of the moving average 55 near the current support confirms blocking trades within the bullish track, to keep waiting to form new positive rally and manage to surpass 2.888 to reach the additional stations at 3.020 followed by 3.185.
The expected trading range for today is between 2.675 and 3.020
The expected trend for today: Bullish
The Australian index keeps the positive stability – Analysis – 13-1-2021
The Australian index didn’t respond to the negative pressures caused by stochastic crawl towards 50 level, to notice clear positive stability within the bullish channel and hold above the initial support 6555.00.
Therefore, we will keep our bullish overview that requires new positive momentum to increase the chances of recording new positive targets by rallying towards 6840.00 and 7065.00 levels in the upcoming period.
The expected trading range for today is between 6555.00 and 6840.00
The expected trend for today: Bullish
The EURJPY keeps the positivity – Analysis – 13-1-2021
Despite the continuous sideways trades provided by the EURJPY pair recently, its frequent consolidation above 126.00 that forms the extension of the bullish channel’s support line confirms the continuation of the positivity for the upcoming period.
Therefore, we will keep waiting to gather the additional positive momentum to ease the mission of forming strong bullish waves to target 127.50 and 128.25 levels.
The expected trading range for today is between 126.00 and 127.50
The expected trend for today: Bullish