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Midday update for the EURUSD 23-11-2023

Economies.com
2023-11-23 10:40AM UTC

The EURUSD pair shows additional positive trades to attempt to approach the first waited target at 1.0960, reinforcing the expectations of continuing the bullish trend for today, supported by the EMA50, noting that breaching the mentioned level will push the price to achieve additional gains that reach 1.1080, while the expected rise will remain valid conditioned by the price stability above 1.0860.

 

The expected trading range for today is between 1.0860 support and 1.1000 resistance.

 

The expected trend for today: Bullish

The CHFJPY pair formed bullish channel – Analysis – 23-11-2023

Economies.com
2023-11-23 07:14AM UTC

The CHFJPY pair formed strong bullish channel recently, to take advantage of the stability of the major support at 165.15 by forming many waves, to settle near 168.85.

 

Stochastic attempt to provide the positive momentum by surpassing 50 level in addition to 166.50 forming additional support allow us to suggest more bullish attempts, to target 170.20 as a first station for the current trades, followed by reaching 172.40 in the medium term period.

 

The expected trading range for today is between 168.10 and 170.00

 

The expected trend for today: Bullish

Natural gas price keeps the negativity – Analysis – 23-11-2023

Economies.com
2023-11-23 07:14AM UTC

No change to natural gas price by fluctuating below the MA55, attempting to gather the required additional negative momentum to attack 2.800 support line.

 

Note that stochastic continuous negative pressures might increase the chances of breaking the targeted support and open the way to form new bearish waves to move towards 2.670 followed by reaching 2.550 that formed additional support previously.

 

The expected trading range for today is between 2.980 and 2.800

 

The expected trend for today: Bearish

The EURJPY prepares for new rise – Analysis – 23-11-2023

Economies.com
2023-11-23 07:12AM UTC

The EURJPY pair provided new positive close yesterday above the additional support at 162.35, to agree the main stability within the bullish channel to increase the chances of forming strong bullish rally soon.

 

Gathering the positive momentum will allow the price to press on 163.10 that formed the first target of the bullish track, while surpassing it will extend trades towards the next positive station at 163.85.

 

The expected trading range for today is between 162.35 and 163.35

 

The expected trend for today: Bullish