The EURUSD price faces strong negative pressure to attack 1.1100$ level and heads towards potential test to the bullish channel’s support line that appears on the chart, which urges caution from the upcoming trading, as continuing the decline and breaking 1.10604 will stop the recently suggested positive scenario and push the price to return to the correctional bearish track again.

Now, we prefer to stay aside until the price confirms breaking 1.1060$ support or breaching 1.1100$ resistance, noting that breaking this level will push the price towards 1.0990$ followed by 1.0940$ levels as next negative stations, while breaching the resistance represents the key to revive the positive scenario that its first target located at 1.1200$.

The expected trading range for today is between 1.1040$ support and 1.1170$ resistance.

Trend forecast: Neutral

As we approach the end of 2024, there are wide-ranging investment opportunities across stocks, commodities, forex, cryptocurrencies, and indices. The main influencing factors include the US Presidential Elections, expected interest rate cuts, along with inflation and global economic stability. It is recommended to allocate a $100,000 investment as follows:

• 40% in stocks and ETFs like technology and healthcare companies.
• 20% in commodities like silver and copper.
• 15% in forex such as the euro and Japanese yen.
• 15% in cryptocurrencies with a focus on Bitcoin and Ethereum.
• 10% in indices such as the S&P 500.

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Details

1. Stocks & ETFs

Investment allocation: 40% ($40,000)

2024 Expectations: Stocks, especially in the technology and healthcare sectors, may benefit from new economic policies post-elections and interest rate cuts, increasing expected returns by 10-15%.

2. Commodities

Investment allocation: 20% ($20,000)

2024 Expectations: Silver may see a rise of 15-20% due to falling interest rates, while copper could rise if demand for industrial goods and renewable energy increases.

3. Forex

Investment allocation: 15% ($15,000)

2024 Expectations: The US dollar may weaken after interest rate cuts, boosting the euro and Japanese yen by 3-5%.

4. Cryptocurrencies

Investment allocation: 15% ($15,000)

2024 Expectations: Bitcoin could reach $100,000 if its historical growth trend continues by year-end, with Ethereum expected to increase by 20-25%.

5. Indices

Investment allocation: 10% ($10,000)

2024 Expectations: Major indices like the S&P 500 are expected to grow by 8-10% due to economic stability and slower inflation after the elections.

Influencing Factors

• Presidential Elections: Could directly affect government spending, taxes, and regulations.
• Interest Rates: Rate cuts will support higher-risk assets like stocks and cryptocurrencies.
• Inflation: Stable inflation will boost economic growth and financial markets.
• Geopolitical Tensions: Could increase market volatility and impact commodity and energy prices.

The EURCHF price formed correctional bullish rally recently after failing to break 0.9325 to notice achieving many gains by reaching 0.9500 that forms solid barrier against it.

Note that the main stability within the main bearish channel and the negative momentum coming by the major indicators allow us to expect consolidating below the current barrier to manage to activate the negative trades to target 0.9455 and 0.9420 levels.

The expected trading range for today is between 0.9455 and 0.9510

Trend forecast: Bearish

Natural gas price continued to form bullish waves recently, confirming its affection by the domination of the bullish bias, to notice its fluctuation near 2.500$ now, noting that the MA55 approaches 2.270$ extended support, and stochastic provides the positive momentum, which will reinforce the chances of achieving additional gains by moving towards 2.540$ and 2.620$.

The expected trading range for today is between 2.410$ and 2.530$

Trend forecast: Bullish