Midday update for the GBPUSD 02-03-2021
The GBPUSD pair broke the bullish channel’s support line and closed the last four hours’ candlestick below it, which support the continuation of our bearish overview efficiently for the rest of the day, motivated by the completion of the head and shoulders’ patter that appears on the chart, reminding you that our waited targets begin at 1.3775 and extend to 1.3685, while achieving them requires holding below 1.4000.
The expected trading range for today is between 1.3770 support and 1.3960 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 02-03-2021
The EURUSD pair resumes its negative trades clearly now to approach our waited target at 1.1976, to keep the bearish trend scenario valid and active for the rest of the day, reminding you that breaking the mentioned level will push the price towards 1.1888 as a next negative target, while the expected decline will remain valid unless breaching 1.2064 followed by 1.2100 levels and holding above them.
The expected trading range for today is between 1.1940 support and 1.2080 resistance.
The expected trend for today: Bearish
Natural gas price ends the negative fluctuation – Analysis – 2-3-2021
Natural gas price ended its correctional bearish rebound by facing the moving average 55 at 2.670 to keep its stability within the bullish channel that appears on the chart.
Also, stochastic exit from the oversold confirms getting of the negative pressure to start getting the positive momentum to ease the mission of renewing the bullish attack that might target 2.980 followed by 3.400 levels in the upcoming period.
The expected trading range for today is between 2.650 and 2.980
The expected trend for today: Bullish
IBEX index begins to rise – Analysis – 2-3-2021
IBEX index succeeded to confirm the continuation of the positivity by forming new bullish waves recently, affected by the stability within the bullish channel, to notice surpassing the additional barrier at 8270.00.
Also, stochastic fluctuation near 80 level will provide the price with new positive momentum to ease the mission of achieving the main positive targets represented by 8480.00 followed by 8607.00 in the upcoming period.
The expected trading range for today is between 8260.00 and 8480.00
The expected trend for today: Bullish