Midday update for the EURUSD 19-09-2023
The EURUSD pair shows new positive trades to test the bearish channel’s resistance that appears on the chart, and the price needs to consolidate below this resistance to keep the bearish trend scenario active for today, supported by the EMA50 that meets the resistance line located at 1.0710, waiting to visit 1.0635 initially, reminding you that breaking it will push the price to 1.0515 as a next target.
We remind you that breaching 1.0710 will push the price to recover and head towards 1.0785 areas initially.
The expected trading range for today is between 1.0595 support and 1.0740 resistance.
The expected trend for today: Bearish
The NZDCAD confirms the negativity – Analysis – 19-9-2023
The NZDCAD pair confirmed its surrender to the domination of the bearish bias by providing frequent closings below 0.8030 resistance, to notice crawling towards 0.7955 recently, also, stochastic attempt to provide the negative momentum will increase the chances of resuming the negative attack, to keep waiting to target new negative stations that might start at 0.7905 followed by reaching 0.7770.
The expected trading range for today is between 0.7980 and 0.7905
The expected trend for today: Bearish
Natural gas price holds above the support – Analysis – 19-9-2023
Natural gas price succeeded to face the recent negative pressures to notice its continuous fluctuation above the major support line at 2.400, confirming keeping the domination of the previously suggested bullish bias.
Getting new positive crawl now and settling above the MA55 will assist to activate the waited bullish attack, reminding you that the initial targets are located near 3.100 and 3.550.
The expected trading range for today is between 2.600 and 3.000
The expected trend for today: Bullish
The EURJPY keeps the positivity – Analysis – 19-9-2023
Despite facing continuous pressure by the major indicators, the EURJPY pair stability above the main bullish channel’s support line at 156.85 supports the chances of renewing the previously suggested bullish attempts, to notice its fluctuation near 157.80 now.
We need to assure the importance of starting to gather the positive momentum to manage to resume the bullish attack, waiting to touch some positive stations located near 158.50 followed by reaching the additional barrier at 159.20.
The expected trading range for today is between 157.20 and 159.20
The expected trend for today: Bullish