Midday update for the EURUSD 25-10-2021
The 1.1670 resistance barrier still forming solid obstacle against the EURUSD pair’s positive attempts, waiting to get positive motive that assist to push the price to breach this level and confirm rallying towards our next targets that reach 1.1715 followed by 1.1760.
In general, the bullish trend scenario will remain valid and active unless breaking 1.1615 and holding below it.
The expected trading range for today is between 1.1600 support and 1.1750 resistance.
The expected trend for today: Bullish
Natural gas price begins with positive gap – Analysis – 25-10-2021
Natural gas price began today’s trading with a positive price gap, to get rid of the moving average 55 at 5.340, to notice recording new positive targets by reaching 5.566.
Providing positive momentum by stochastic approach from the overbought level will support the continuation of the positivity, to keep waiting for the price reach to 5.720 resistance, where surpassing it will confirm its stability again within the bullish channel levels that appear in the above image.
The expected trading range for today is between 5.360 and 5.720
The expected trend for today: Bullish
The EURCHF faces solid support – Analysis – 25-10-2021
The EURCHF price ended its last negative attack by facing a solid support at 1.0660 level, to assist to stop the negative bleeding, to increase the chances for begin the bullish correctional track in the current period.
Stochastic attempt to exit the oversold level will increase the chances for gathering the positive momentum, to expect forming a bullish correctional rally, to target 1.0690 reaching to 1.0722 level.
The expected trading range for today is between 1.0660 and 1.0690
The expected trend for today: Bullish
IBEX index keeps the positivity – Analysis – 25-10-2021
Despite IBEX index forming correctional bearish wave recently, that will not affect the main bullish track, due to its main consolidation within the bullish channel that appears on the chart.
The stability of the major support 8800.00 and the moving average 55 fluctuation above it allow us to wait to gather the additional positive momentum, to manage to renew the bullish attempts and target 9040.00 followed by 9115.00 levels.
The expected trading range for today is between 8825.00 and 9015.00
The expected trend for today: Bullish