Midday update for the EURUSD 25-09-2023
The EURUSD pair begins attempts to break 1.0635 level now, reinforcing the expectations for the continuation of the bearish trend for the rest of the day, reminding you that we are waiting for visiting 1.0515 level as a next main target.
the technical indicators keep providing negative signals that support the continuation of the expected bearish trend, which will remain valid unless breaching 1.0680 level and holding above it.
The expected trading range for today is between 1.0560 support and 1.0700 resistance.
The expected trend for today: Bearish
Coffee price confirms the negativity – Analysis – 25-9-2023
Coffee price activated the negative attack after testing the resistance at 160.00, to reach 149.65 and approach from the extra support at 148.00.
The price needs a new negative momentum that allows it to break the current support, which supports the chances for resuming the negative attack, to expect targeting 141.80 level initially, then wait for targeting the next main target at 134.30.
The expected trading range for today is between 153.50 and 141.80
The expected trend for today: Bearish
Natural gas price confirms the positivity – Analysis – 25-9-2023
Natural gas price achieves positive gains in its last trading by reaching 2.930, accompanied with the main stability within the bullish track, which depends on the stability of the main support level at 2.470.
The unionism of the main indicators by the providing positive momentum will increase the chances for surpassing the obstacle at 3.100 top ease the mission of resuming the bullish attack, to wait for achieving extra gains that begin at 3.550 and 3.750.
The expected trading range for today is between 2.720 and 3.100
The expected trend for today: Bullish
The EURJPY looks for the positive momentum– Analysis – 25-9-2023
The EURJPY pair kept the stability within the bullish channel’s levels, but we notice forming a sideways fluctuation near 158.00 level, while its neediness to the positive momentum delays the chances for reaching the previously suggested positive stations.
Holding above the bullish channel’s support at 157.00 is important top shrink the chances for changing the main bullish track, to keep waiting for gathering the positive momentum, which allows it to activate the bullish attack and begin recording extra gains by reaching 159.20 initially, and surpassing this obstacle might extend the trading towards 159.80 and 160.60.
The expected trading range for today is between 157.60 and 158.75
The expected trend for today: Bullish