Midday update for the EURUSD 26-09-2023
The EURUSD pair provided clear negative trading this morning, and returns to show slight bullish bias to test 1.0600 barrier, as long as the price is below 1.0635, so the bearish trend scenario will remain valid and active for today, supported by the negative pressure that comes from the EMA50, reminding you that our main waited target reaches to 1.0515.
The expected trading range for today is between 1.0490 support and 1.0640 resistance.
The expected trend for today: Bearish
The GBPCHF repeats the negative closes – Analysis – 26-9-2023
The GBPCHF confirmed its surrender to the bearish bias domination by providing new closes below the critical resistance at 1.1515 besides forming an extra barrier at 1.1295 level, to notice its reach to 1.1085 recently.
note that stochastic attempt to provide the negative momentum by its fluctuation near 20 level will increase the efficiency for the bearish track, to expect reaching 1.0980 soon to form the initial target for the current trading, and breaking it will extend the losses towards 1.0903, which forms a new support against the negative attempts.
The expected trading range for today is between 1.1210 and 1.100
The expected trend for today: Bullish
Natural gas price settles above the moving average – Analysis – 26-9-2023
in spite of the positive rally of the Natural gas price, but its repeated stability above the moving average 55 and its stability at 2.900 supports our bullish expectation in the upcoming period trading, to keep waiting for surpassing 3.100 level, to open the way for resuming the bullish attack and reaching extra stations at 3.550 and 3.750.
The expected trading range for today is between 2.720 and 3.1000
The expected trend for today: Bullish
The EURJPY without any new – Analysis – 26-9-2023
The EURJPY pair didn’t succeed to activate the bullish attack, in spite of its repeated stability above the bullish channel’s support at 157.00, affected by stochastic negativity near 50 level.
we expect the continuation of providing sideways trading until gathering the positive momentum to activate the bullish rally, and wait for reaching 159.20 level, which represents an obstacle against the bullish attempts, while the price’s decline below the main support and providing negative close, will confirm its move to the bearish track, which forces it to suffer several losses by its reach to 156.50 and 155.85.
The expected trading range for today is between 157.30 and 158.75
The expected trend for today: Bullish