Midday update for the GBPUSD 12-12-2022
The GBPUSD pair shows positive trades to attempt to move away from the bullish channel’s support line, noticing that stochastic overlaps positively to motivate the price to provide more bullish bias in the upcoming sessions, waiting to visit 1.2345 followed by 1.2450 levels as next main stations, noting that the continuation of the expected rise depends on the price stability above 1.2180.
The expected trading range for today is between 1.2150 support and 1.2320 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 12-12-2022
The EURUSD pair resumes its positive trading clearly to move away from 1.0515, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our first waited target at 1.0600, reminding you that the continuation of the bullish wave depends on the price stability above 1.0515 – 1.0505.
The expected trading range for today is between 1.0450 support and 1.0600 resistance.
The expected trend for today: Bullish
The NZDCAD resumes the rise – Analysis – 12-12-2022
The NZDCAD pair succeeded to resume the bullish attack to record many positive targets by touching 0.8760 level, while the positivity is caused by the frequent stability above 0.8575 support line, in addition to the major indicators that provide the positive momentum recently.
These factors allow us to suggest more rise, to expect targeting 0.8810 barrier soon, while surpassing it might extend trades towards 0.8890 as a next target for the bullish trades.
The expected trading range for today is between 0.8675 and 0.8810
The expected trend for today: Bullish
Natural gas price returns to the bullish track – Analysis – 12-12-2022
Natural gas price opened today with positive gap to move towards 7.000 and settle within the minor bullish channel that appears on the chart, noting that the continuous consolidation above the channel’s support line at 6.650 and stochastic positive momentum signals will assist to confirm the domination of the bullish bias, waiting to touch the first target at 7.3000 followed by attempting to press on 50% Fibonacci correction level at 7.650.
The expected trading range for today is between 6.650 and 7.300
The expected trend for today: Bullish