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The EURUSD price forecast update - 11-10-2024

Economies.com
2024-10-11 10:00 UTC

The EURUSD price trades positively to breach 1.0940$ level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will lead the price to achieve intraday gains that target 1.0990$ and might extend to 1.1040$ areas.

 

Stochastic shows overbought signals now to support the expectations to decline, reminding you that our next target is located at 1.0880$.

 

The expected trading range for today is between 1.0850$ support and 1.1010$ resistance.

 

Trend forecast: Bearish

The GBPCHF settles above the support– Forecast today – 11-10-2024

Economies.com
2024-10-11 08:30 UTC

The GBPCHF pair’s price provided several positive closes in its last trading above 1.1150 level, which represents the extension of the bullish channel’s support that appears in the above image, to notice begin forming some of the bullish waves by its stability near 1.1200.

 

Stochastic attempt to provide positive momentum by its stability above 20 level makes us prefer more of the bullish attempts, which makes the price attack1.1235 level, by surpassing it the price will succeed to record extra gains that begin at 1.1260.

 

The expected trading range for today is between 1.1160 and 1.1235

 

Trend forecast: Bullish

 

Natural gas price receives the positive momentum – Forecast today – 11-10-2024

Economies.com
2024-10-11 08:30 UTC

Natural gas price ended yesterday’s trading by testing the extra support at 2.610$, to begin forming some of the bullish attempts by its rally to 2.710$, getting advantage by stochastics’ positive momentum, by its exit from the oversold level.

 

We expect renewing the bullish attempts, to attack 2.780$ and surpassing it will reinforce the chances for recording extra gains that might extend to 2.710$ reaching the barrier at 3.050$. 

 

The expected trading range for today is between 2.670$ and 2.830$

 

Trend forecast: Bullish

 

 

The EURJPY without any news – Forecast today – 11-10-2024

Economies.com
2024-10-11 08:28 UTC

The EURJPY pair didn’t move since yesterday’s trading by its sideways moves between the support at 161.60 and the moving average 55 that forms an extra barrier at 163.30, which decelerates the chances for resuming the waited bullish attempts.

 

The contradiction between stochastic negativity and the positive stability above the mentioned support confirms the price affection by the sideways domination until confirming breaching 163.30 level, to open the way for recording extra gains that are located at 163.90 and 164.80.

 

The expected trading range for today is between 161.80 and 163.30

 

Trend forecast: Sideways