Midday update for the GBPUSD 06-10-2022
The GBPUSD pair returns to decline to move below 1.1300 barrier, which supports the continuation of the expected bearish trend scenario for today, which its first target located at 1.1186, noting that the price forms double top pattern that we expect to push the price to achieve additional decline that reaches 1.1015 after surpassing the previous level.
The expected trading range for today is between 1.1220 support and 1.1360 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 06-10-2022
The EURUSD pair resumes its negative trading to start testing 0.9865 level, waiting to break this level to confirm extending the expected bearish wave for today, reminding you that our expected targets begin at 0.9790 and extend to 0.9700, reminding you that the continuation of the bearish wave depends on the price stability below 0.9940 and 0.9995 levels.
The expected trading range for today is between 0.9820 support and 0.9980 resistance.
The expected trend for today: Bearish
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Coffee price faces the negative pressures – Analysis – 6-10-2022
Coffee price succeeded to face stochastic negativity by providing frequent positive closings above the additional support 211.30, to start forming bullish waves and settle above the moving average 55 again.
Stochastic exit from the oversold areas will assist to provide the required positive momentum to activate the previously suggested correctional bullish track, reminding you that the positive targets are located near 229.50 and 236.50.
The expected trading range for today is between 216.00 and 229.50
The expected trend for today: Bullish
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Natural gas price crawls upwards – Analysis – 6-10-2022
Natural gas price started to activate the correctional bullish track after testing 6.620 level, affected by stochastic positive momentum signals, to touch 7.000 level, expecting to move towards the minor bearish channel’s resistance at 7.150 soon, noting that surpassing it will confirm moving to the bullish track again, to start targeting many positive stations that start at 7.350 and 7.650.
The expected trading range for today is between 6.850 and 7.150
The expected trend for today: Bullish
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