Midday update for the EURUSD 21-09-2023
The EURUSD pair shows positive trades after attempting to break 1.0635 level this morning, and it might head to test the bearish channel’s resistance that appears on the chart before turning back to decline again.
Until now, the bearish trend scenario still valid for today as long as 1.0685 level remains intact, reminding you that our main waited target reaches 1.0515.
The expected trading range for today is between 1.0530 support and 1.0685 resistance.
The expected trend for today: Bearish
The GBPAUD faces negative pressures – Analysis – 21-9-2023
The GBPAUD pair faced strong negative pressures recently, caused by stochastic decline towards 20 level, to force it to fluctuate below 1.9650 resistance and notice suffering clear losses by reaching 1.9060.
Now, 1.9340 forms additional barrier to allow us to expect renewing the negative attempts, waiting to touch 1.8965 level first, while breaking this obstacle might extend losses towards 1.8740, to form the next main target for the negative trades.
The expected trading range for today is between 1.9300 and 1.9120
The expected trend for today: Bearish
Natural gas price moves slowly – Analysis – 21-9-2023
Natural gas price returned to provide slow sideways trades to settle near 2.750 without recording any new positive target, while in general, we will keep our bullish overview that depends on the stability of 2.400 support line and wait to gather the additional positive momentum to ease the mission of reaching the first target at 3.100, while surpassing it will extend trades towards 3.500 direct.
The expected trading range for today is between 2.600 and 3.100
The expected trend for today: Bullish
The EURJPY repeats the sideways fluctuation – Analysis – 21-9-2023
The EURJPY pair resumed the sideways trades to keep its consolidation near 157.80 due to the lack of the positive momentum, while the main stability above the bullish channel’s support line at 156.60 confirms the continuation of the positivity as expected previously.
Now, stochastic attempt to provide the positive momentum allows us to expect forming bullish waves to target 158.55 level initially, followed by repeating the pressure on 159.20 barrier in order to find a way to resume the bullish attack in the upcoming period.
The expected trading range for today is between 157.20 and 158.55
The expected trend for today: Bullish