Midday update for the EURUSD 22-09-2023
The EURUSD pair attempts to break 1.0635 level, to support the continuation of the expected bearish trend for today, motivated by stochastic current negativity, waiting to confirm the break to head towards our next main target at 1.0515.
Therefore, we will continue to suggest the bearish trend for the upcoming sessions conditioned by the price stability below 1.0680.
The expected trading range for today is between 1.0550 support and 1.0700 resistance.
The expected trend for today: Bearish
The CADJPY faces difficulty to rise – Analysis – 22-9-2023
Despite the consolidation of the CADJPY pair within the bullish channel, the stability of the initial resistance at 110.45 hinders the attempts to resume the rise, to notice forming unstable sideways fluctuation.
Also, stochastic exit from the overbought areas confirms postponing the bullish attack to start suggesting the domination of the correctional bearish bias that might target 108.90 and 108.40 levels soon.
The expected trading range for today is between 110.10 and 109.00
The expected trend for today: Bearish
Natural gas price begins to rise – Analysis – 22-9-2023
Natural gas price started to react to the positive factors represented by the frequent stability above the main support 2.400 in addition to stochastic approach to 80 level, to notice the beginning of recording some gains by settling near 2.880.
We expect to resume the bullish attack to target the initial station at 3.100 initially, followed by extending trades towards the next main target at 3.550.
The expected trading range for today is between 2.720 and 3.100
The expected trend for today: Bullish
The EURJPY tends towards the positivity – Analysis – 22-9-2023
The EURJPY pair resisted the frequent negative pressures caused by the contradiction between the major indicators, to notice holding above the main bullish channel’s support line at 156.80 and start forming some bullish waves, to reach 157.95.
We assure the importance of gathering the positive momentum, to manage to activate the bullish attack and attempt to achieve many gains by rallying towards 158.55, followed by attempting to press on 159.20 obstacle.
The expected trading range for today is between 157.20 and 158.55
The expected trend for today: Bullish