Midday update for the EURUSD 27-09-2021
The EURUSD pair resumes its negative trading to start pressing on 1.1690 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by the negative pressure formed by the EMA50, waiting to visit 1.1605 that represents our next main target, reminding you that it is important to hold below 1.1780 to continue the expected decline.
The expected trading range for today is between 1.1630 support and 1.1780 resistance.
The expected trend for today: Bearish
The AUDCHF confirms the negativity – Analysis – 27-9-2021
The AUDCHF pair confirmed its surrender to the domination of the bearish bias by moving away from the main resistance at 0.6890, in addition to the moving average 55 forming additional barrier at 0.6805.
These factors confirm facing strong negative pressures to push the price to form new negative attack, to expect targeting more negative stations represented by 0.6625 followed by reaching 23.6% Fibonacci correction level at 0.6518.
The expected trading range for today is between 0.6800 and 0.6625
The expected trend for today: Bearish
IBEX index gains new positive momentum – Analysis – 27-9-2021
IBEX index started to gather the additional positive momentum due to its stability above the moving average 55, in addition to stochastic reach to the overbought areas, to confirm its preparation to resume the bullish attack.
We will depend on 8750.00 level forming the additional support to reinforce the bullish overview, expecting to target 8900.00 followed by 9120.00 in the medium term period.
The expected trading range for today is between 8780.00 and 8900.00
The expected trend for today: Bullish
The European index renews the positivity – Analysis – 27-9-2021
The European index succeeded to renew the positive attempts, to notice surpassing the moving average 55 at 4065.00 and record some positive targets by reaching 4208.95.
In general, the bullish overview will remain valid as long as the price is within the bullish channel, supported by stochastic positive momentum, expecting to move towards 4240.00 followed by reaching 4306.00 barrier as a second target.
The expected trading range for today is between 4120.00 and 4240.00
The expected trend for today: Bullish