Midday update for the EURUSD 23-02-2021
The EURUSD pair faces solid resistance at 1.2173, to show some slight bearish bias now, affected by stochastic negativity, while the EMA50 continues to support the price from below.
Until now, the bullish trend scenario will remain valid for today as long as 1.2064 remains intact, reminding you that our targets begin by breaching 1.2173 to open the way to head towards 1.2300 as a next station.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bullish
The GBPCHF continues to rise – Analysis – 23-2-2021
The GBPCHF kept its stability within the bullish channel, to notice its consolidation above 1.2520 to form additional support against the bullish trades.
Also, stochastic fluctuation within the overbought areas will increase the positive pressures by providing the positive momentum, allowing us to suggest more rise in the near term and medium term period until reaching 1.2710 followed by attempting to touch the main resistance at 1.2785.
The expected trading range for today is between 1.2520 and 1.2710
The expected trend for today: Bullish
The European index faces stochastic negativity – Analysis – 23-2-2021
Despite the negative pressures that the European index faces due to stochastic fluctuation below 50 level, its frequent consolidation above the additional support 3660.00 reinforces the continuation of the positivity.
Therefore, we will keep waiting to gather the positive momentum to confirm the preparation to record new positive targets that might extend towards 3770.00 followed by reaching the historical high at 3866.00.
The expected trading range for today is between 3660.00 and 3770.00
The expected trend for today: Bullish
IBEX index prepares to rise – Analysis – 23-2-2021
IBEX index still surrounded with many positive factors, as it remains stable within the bullish channel that its support line located at 7850.00, in addition to stochastic stability above 50 level, to increase the chances of providing the positive momentum.
In addition, we should note that it is important to hold above 8025.00 additional support to increase the chances of forming bullish waves, expecting to move towards 8265.00 followed by reaching 8440.00.
The expected trading range for today is between 8025.00 and 8210.00
The expected trend for today: Bullish