Midday update for the EURUSD 14-09-2023
The EURUSD pair shows some bearish bias now, waiting for more decline to achieve our main expected target at 1.0635, supported by the negative pressure formed by the EMA50.
Breaking 1.0720 will reinforce the expectations of continuing the bearish trend in the upcoming sessions, while holding below 1.0785 represents major condition to achieve the suggested targets.
The expected trading range for today is between 1.0650 support and 1.0800 resistance.
The expected trend for today: Bearish
The GBPCAD exits the bullish track – Analysis – 14-9-2023
The GBPCAD pair surrendered to the negative pressures recently to notice its crawl below the minor bullish channel’s support line at 1.7040, forming some negative waves to settle near 1.6930, attacking the MA55.
We notice stochastic consolidation within the oversold areas to increase the chances of gathering the additional negative momentum, allowing us to suggest more negative attempts and expect moving towards 1.6810 as a first negative station, followed by waiting to reach the historical support at 1.6765.
The expected trading range for today is between 1.6960 and 1.6810
The expected trend for today: Bearish
Natural gas price prepares for strong rise – Analysis – 14-9-2023
Natural gas price started to get the positive momentum due to stochastic reach to 50 level, to notice its fluctuation near 2.750, attempting to hold above the MA55, also, the stability of 2.450 major support confirms blocking trades within the bullish track to keep waiting to record many targets that might start at 3.100 and 3.550 levels.
The expected trading range for today is between 2.650 and 3.100
The expected trend for today: Bullish
The EURJPY gains the positive momentum – Analysis – 14-9-2023
The EURJPY pair got the positive momentum yesterday, to notice reaching 158.65 level followed by forming temporary rebound and settle at 158.00.
The stability within the bullish channel that its support line at 156.40 in addition to the additional support formed at 157.00 allow us to expect forming strong bullish attack and press on 159.20 obstacle, while surpassing it will open the way to reach additional stations that might start at 160.60 and 161.25.
The expected trading range for today is between 157.60 and 159.20
The expected trend for today: Bullish