Midday update for the EURUSD 28-07-2022
The EURUSD pair hovers around 1.0200 level since morning, waiting to get positive motive that assists to push the price to resume the positive trades that target testing 1.0278 level, to keep our bullish overview for today unless breaking 1.0200 and holding with a daily close below it.
The expected trading range for today is between 1.0140 support and 1.0300 resistance.
The expected trend for today: Bullish
The GBPSEK provides positive signal – Analysis – 28-7-2022
The GBPSEK pair provided positive signal by rallying above 61.8% Fibonacci correction level at 12.3460, achieving some gains by touching 12.4710.
Also, the fluctuation above the moving average 55 and stochastic positive momentum signals allow us to expect resuming the bullish attack, to target many positive stations that start at 12.5500 and 12.6840.
The expected trading range for today is between 12.3500 and 12.5500
The expected trend for today: Bullish
Natural gas price surrenders to the stability of the resistance – Analysis – 28-7-2022
Natural gas price failed to achieve the required breach to 8.900 resistance line yesterday, to hinder the attempt to settle within the bullish channel and notice its rebound towards 8.330, approaching the first additional support line.
Note that the continuous stability of the mentioned resistance might force the price to form some correctional bearish trades, to decline towards 8.050 and 7.600 levels, while getting positive close above 8.900 will assist to renew the bullish attempts to target many positive levels, starting at 9.600 and 10.000.
The expected trading range for today is between 8.950 and 8.100
The expected trend for today: Bullish
The Indian index achieves some gains – Analysis – 28-7-2022
The Indian index took advantage of the positive stability within the bullish channel, forming bullish rally to achieve many gains by reaching 16900, as the frequent stability above the additional support at 16090 and the positive momentum coming by the major indicators form strong motive to resume the rise, to expect reaching 17310 level soon, and surpassing it will push the price to reach 17760 as a main target.
The expected trading range for today is between 16600 and 17200
The expected trend for today: Bullish