Midday update for the EURUSD 29-09-2022
The EURUSD pair shows more bearish bias to move away from 0.9700, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 0.9550 level as a next main station, supported by stochastic and the EMA50 negativity, reminding you that the continuation of the bearish wave depends on the price stability below 0.9700.
The expected trading range for today is between 0.9580 support and 0.9750 resistance.
The expected trend for today: Bearish
Coffee price keeps rising – Analysis – 29-9-2022
Coffee price renewed the positive trades, taking advantage of its stability above the moving average 55 to increase the chances of targeting the positive stations at 236.40 and 243.00.
Also, stochastic attempt to hold above 50 level will increase the chances of gathering the positive momentum to confirm confining trades above 211.10 support line until reaching the suggested positive targets.
The expected trading range for today is between 220.00 and 236.40
The expected trend for today: Bullish
Natural gas price forms temporary correctional rebound – Analysis – 29-9-2022
Natural gas price failed to crawl below 6.450 obstacle, to force it to form temporary correctional rebound and settled near 7.100 now, while the main stability within the bearish channel and 7.600 level forming major resistance confirm blocking trades within the bearish track, to expect renewing the negative attack in the near term period to target 6.750 followed by repeating the pressure on the mentioned obstacle in order to find a way to resume the decline and achieve more negative targets in the upcoming period.
The expected trading range for today is between 7.250 and 6.450
The expected trend for today: Bearish
The Indian index faces the initial support – Analysis – 29-9-2022
The Indian index faced additional negative pressures recently to push it to resume the correctional decline and move towards the initial support 16850, while we will depend on the strength of the current support to assist to decrease the losses and start forming bullish wave, to expect moving towards 17470 followed by repeating the pressure on 18160 barrier.
Stochastic reach to the oversold areas confirms the beginning of getting rid of the negative pressures, providing the chance to gather the additional positive momentum to ease the mission of reaching the suggested positive stations.
The expected trading range for today is between 16850 and 17470
The expected trend for today: Bullish