Midday update for the EURUSD 15-08-2022
The EURUSD pair shows additional negative trades to approach the bullish channel’s support line, to support the continuation of the expected bearish trend scenario for the upcoming period, which depends on the price stability below 1.0278, supported by moving below the EMA50, reminding you that our waited targets begin at 1.0200 and extend to 1.0100.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bearish
The GBPAUD tends to resume the decline – Analysis – 15-8-2022
The GBPAUD pair succeeded to gather the additional negative momentum by stochastic crawl towards the oversold areas, to manage to resume the negative attack by surpassing 1.7055 support line, which forms new negative signal to expect targeting new negative stations that might start at 1.6965 followed by reaching the key support 1.6860.
The expected trading range for today is between 1.7090 and 1.6965
The expected trend for today: Bearish
Natural gas price consolidates below the barrier – Analysis – 15-8-2022
Natural gas price kept its stability below 9.050 barrier, to force it to end the correctional bullish attack and start forming negative waves, to notice its fluctuation near 8.630.
Note that stochastic attempt to exit from the overbought areas will assist to provide the additional negative momentum to reinforce the domination of the bearish bias that might target 8.450 followed by repeating the pressure on the additional support at 8.110.
The expected trading range for today is between 8.800 and 8.4500
The expected trend for today: Bearish
The Brazilian index achieves big gains – Analysis – 15-8-2022
The Brazilian index renewed the bullish attempts, taking advantage of the frequent positive pressures, to notice achieving new gains by reaching 112275 level, expecting to continue fluctuating above the additional support at 109450 and get positive momentum by stochastic to resume the bullish attack and attempt to reach 23.6% Fibonacci correction level as a next main target at 114980.
The expected trading range for today is between 109850 and 113300
The expected trend for today: Bullish