Midday update for the GBPUSD 13-02-2024
The GBPUSD pair trades with clear positivity to attack 1.2645 level and attempts to confirm breaching it, reinforcing the expectations of continuing the bullish trend efficiently for the rest of the day, reminding you that our main waited target is located at 1.2765, supported by moving above the EMA50, taking into consideration that breaking 1.2610 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 1.2560 support and 1.2700 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 13-02-2024
The EURUSD pair keeps its stability above 1.0765 level, to keep the bullish trend active until now, supported by stochastic positivity, waiting to surpass the minor resistance at 1.0790 to open the way to rally towards our main expected target at 1.0860, reminding you that the continuation of the bullish wave conditions the price stability above 1.0765.
The expected trading range for today is between 1.0700 support and 1.0840 resistance.
The expected trend for today: Bullish
The GBPCHF repeats the positive closings – Analysis – 13-2-2024
The GBPCHF pair repeated the positive closings above the breached bearish channel’s resistance that forms key support now at 1.0990, to notice forming some bullish waves and reach 1.1065.
Note that the consolidation of the MA55 above the mentioned support and stochastic reach to the overbought areas will increase the chances of gathering the additional positive momentum, to expect recording new gains by rallying towards 1.1090 followed by reaching 1.1145 barrier, to form the first main target for the bullish track.
The expected trading range for today is between 1.1025 and 1.1090
The expected trend for today: Bullish
Natural gas price continues to decline – Analysis – 13-2-2024
Natural gas price took advantage of the additional negative pressures caused by stochastic reach towards the oversold areas to form new negative crawl towards 1.750, to keep the main stability within the previously suggested bearish track.
Also, the frequent stability below 2.150 resistance allows us to keep the negative overview for now, to keep waiting to attack the historical support at 1.560 followed by monitoring its behavior due to the importance of this support to detect the next main trend.
The expected trading range for today is between 1.950 and 1.560
The expected trend for today: Bearish