Midday update for the EURUSD 18-10-2021
The EURUSD pair shows some bullish bias now to hint resuming the expected bullish trend for today, motivated by stochastic positivity, waiting for more rise to breach 1.1615 and open the way to head towards 1.1670 – 1.1760 levels as next main stations, to keep our bullish overview unless breaking 1.1545 – 1.1525 levels and holding below them.
The expected trading range for today is between 1.1530 support and 1.1680 resistance.
The expected trend for today: Bullish
Natural gas price begins with bearish gap – Analysis – 18-10-2021
Natural gas price started today by forming bearish gap to settle below the minor bullish channel’s support line at 5.420, to suffer some losses by touching 5.210.
We expect the continuation of fluctuation below the broken support and get negative momentum by stochastic, to resume the negative attempts and target 5.060 followed by reaching the first major support at 4.885.
The expected trading range for today is between 5.400 and 5.060
The expected trend for today: Bearish
The EURGBP touches the first main target – Analysis – 18-10-2021
The EURGBP pair reacted to the frequent negative pressures to notice crawling bearishly to touch the first main target at 0.8420, to face 38.2% Fibonacci correction level, expecting to form some sideways fluctuation until breaking the current barrier and open the way to target new negative levels that might extend towards 0.8340 and 0.8265 levels.
We remind you that the main bearish track will remain valid as long as the main resistance at 0.8620 remains intact, in addition to forming additional barrier at 0.8490, allowing us to wait the required break in order to reach the mentioned additional negative stations.
The expected trading range for today is between 0.8490 and 0.8340
The expected trend for today: Bearish
The EURJPY keeps the positivity – Analysis – 18-10-2021
The EURJPY price succeeded to hold above 132.05 and form additional support against the bullish attempts in order to confirm targeting new positive levels in the near term and medium term period, thus, we will keep waiting to gather the additional positive momentum to extend trades towards 133.10 followed by reaching the main target at 133.58.
Any attempt to decline below the mentioned support will postpone the bullish attack, to form correctional bearish rebound and suffer some losses by moving towards 131.60 followed by 131.20 levels.
The expected trading range for today is between 132.00 and 133.10
The expected trend for today: Bullish