Midday update for the EURUSD 19-10-2021
The EURUSD pair continues to rise to approach our first waited target at 1.1670, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that the next target extends to 1.1760, while holding above 1.1615 represents key condition to achieve these targets.
The expected trading range for today is between 1.1570 support and 1.1720 resistance.
The expected trend for today: Bullish
Natural gas price tests the support – Analysis – 19-10-2021
Natural gas price formed strong correctional bearish attack yesterday to test the major support at 4.880 and hold above it, to confirm the attempt to renew the bullish attack in the near term and medium term period.
Note that it is important to gather the additional positive momentum to ease the mission of recording the positive targets that might start at 5.140 followed by reaching 5.500 barrier as a first main target for the bullish track.
The expected trading range for today is between 4.880 and 5.140
The expected trend for today: Bullish
The EURCAD holds above the support – Analysis – 19-10-2021
The EURCAD pair kept its positive stability above the major support 1.4300, to increase the chances of forming the previously expected correctional bullish attack, also, stochastic exit from the oversold areas will increase the chances of gaining the positive momentum, to keep waiting to record the positive targets that start at 1.4420 and 1.4485.
The expected trading range for today is between 1.4300 and 1.4420
The expected trend for today: Bullish
The EURJPY approaches the target – Analysis – 19-10-2021
The EURJPY price formed new bullish wave this morning to approach the additional target at 133.10 followed by bouncing negatively towards 133.75 due to the lack of the positive momentum, while the price forms some sideways fluctuation until gathering the positive momentum, to manage to breach 133.10 level and reach the next target at 133.58.
The risks of postponing the bullish the bullish attack and forming new negative rebound will appear in case the price crawled below 132.05 support line, to expect suffering losses by moving towards 31.60 and 131.20 levels.
The expected trading range for today is between 132.00 and 133.10
The expected trend for today: Bullish