Midday update for the EURUSD 24-06-2021
The EURUSD pair resumes its positive trading after leaning on the intraday bullish channel’s support line, and stochastic prepares to provide positive overlapping signal that we are waiting to motivate the price to provide more bullish bias in the upcoming sessions.
These factors support the continuation of our bullish overview, which its targets begin at 1.1975 and extend to 1.2064 after surpassing the previous level, reminding you that it is important to hold above 1.1888 to achieve these targets.
The expected trading range for today is between 1.1860 support and 1.2010 resistance.
The expected trend for today: Bullish
The AUDCHF holds above the support – Analysis – 4-1-2021
The AUDCHF pair ended its correctional bearish rebound by providing positive close above the key support at 0.8994, to notice the beginning of forming strong bullish rally by recording 0.6965 to confirm the continuation of the suggested positivity.
Also, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to provide the chances to gather the required positive momentum and record the targets at 0.7055 followed by reaching 0.7244.
The expected trading range for today is between 0.6890 and 0.7055
The expected trend for today: Bullish
Natural gas price gains the positive momentum – Analysis – 4-1-2021
Natural gas price ended temporary sideways fluctuation by settling near the bullish channel, to notice rallying above the additional barrier 3.188 recently, also, stochastic approaches 80 level to increase the chances of gathering the positive momentum and ease the mission of achieving the main targets, located near 3.420 followed by reaching 61.8% Fibonacci correction level at 3.590.
The expected trading range for today is between 3.200 and 3.420
The expected trend for today: Bullish
IBEX index begins to decline – Analysis – 4-1-2021
IBEX index provided new negative close below 9137.00 barrier, to activate the correctional bearish track and notice crawling towards 8980.00, assuring the importance of breaking the additional support at 8880.00 to open the way to target new correctional levels that might start at 8800.00 followed by reaching the moving average 55 near 8675.00.
Also, stochastic decline below 50 level forms major factor to confirm the correctional bearish track by providing the required negative momentum and record the suggested targets.
The expected trading range for today is between 9090.00 and 8880.00
The expected trend for today: Bearish