Midday update for the EURUSD 21-01-2022
The EURUSD pair provided positive trades this morning and attempts to decline now, to keep the bearish trend scenario valid and active for today as long as 1.1375 level remains intact, reminding you that our targets begin by breaking 1.1305 to confirm rallying towards 1.1150 as a next negative station.
The expected trading range for today is between 1.1240 support and 1.1380 resistance.
The expected trend for today: Bearish
The NZDCAD returns to the bearish track – Analysis – 21-1-2022
The NZDCAD pair faced strong negative pressures recently, which pushed it to form frequent negative waves and settle below the bearish channel’s resistance at 0.8480, to confirm its stability within the bearish track again.
These factors along with stochastic additional negative momentum signals allow us to expect forming new negative attack, to move towards 0.8365 followed by attempting to reach the first main target at 0.8280.
The expected trading range for today is between 0.8500 and 0.8365
The expected trend for today: Bearish
Natural gas price suffers big losses – Analysis – 21-1-2022
Natural gas price surrendered to the frequent negative pressures, to decline below the minor bullish channel’s support line near 4.220, to notice suffering big losses by reaching 3.770.
The moving average 55 forms additional resistance at 4.050, to confirm blocking trades within the bearish track, to expect gathering the additional negative momentum and resume the negative attack that might target 3.650 followed by reaching the historical support at 3.475.
The expected trading range for today is between 4.000 and 3.650
The expected trend for today: Bearish
The Australian index achieves the break – Analysis – 21-1-2022
The Australian index reacted to the frequent negativity pressures, to break the bullish channel’s support line at 7300.00 and notice forming strong negative attack, approaching the first negative target at 7118.00.
Note that the moving average 55 crawl towards the broken support will increase the chances of forming solid resistance against the current trades, also, stochastic provides the additional negative momentum to allow us to suggest more negative trades that might target 7030.00 and 6920.00 levels.
The expected trading range for today is between 7270.00 and 7080.00
The expected trend for today: Bearish