Midday update for the EURUSD 25-01-2023
The EURUSD pair shows some slight bearish bias now, affected by stochastic negativity, and as long as the price is above 1.0840, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our next main target reaches 1.1030.
The expected trading range for today is between 1.0820 support and 1.0970 resistance.
The expected trend for today: Bullish
The GBPAUD resumes the decline – Analysis – 25-1-2023
The GBPAUD pair succeeded to decline below the additional support 1.7505, to open the way to resume the main bearish attack and record 1.7345 level, while stochastic consolidation within the oversold areas will increase the chances of gathering the negative momentum, to manage to resume the decline and wait to achieve the next main target at 1.7195.
The expected trading range for today is between 1.7440 and 1.7200
The expected trend for today: Bearish
Natural gas price repeats the negative attempts – Analysis – 25-1-2023
Natural gas price provided new negative close yesterday below 3.500, to notice forming new bearish wave and approach the first additional target at 3.150, also, stochastic attempt to provide the negative momentum will increase the chances of renewing the negative attack, to expect crawling towards 2.600 as a next target.
Note that the attempt to rally above 3.500 additional barrier will confirm surrendering to the domination of the correctional bullish bias again, to push it to form bullish waves and target 3.950 followed by reaching 23.6% Fibonacci correction level at 4.400.
The expected trading range for today is between 3.550 and 2.850
The expected trend for today: Bearish
The Indian index fluctuates above the additional support – Analysis – 25-1-2023
Despite the lack of the positive momentum, the Indian index frequent consolidation above the additional support 17780 forms major motive to reinforce the chances of renewing the bullish attempts for now, as succeeding to gather the positive momentum allows us to suggest rallying towards 18330 soon, followed by waiting to reach 18850 resistance line.
The above chart shows stochastic attempt to fluctuate above 20 level, to increase the chances of providing the positive momentum and ease the mission of reaching the previously suggested positive targets.
The expected trading range for today is between 17840 and 18330
The expected trend for today: Bullish