Midday update for the GBPUSD 13-03-2023
The GBPUSD pair shows more bullish bias and fluctuates around 1.2100 level now, and it needs positive motive that assists to push the price to continue the expected bullish trend for today, which its next target located at 1.2260.
Therefore, we will continue to suggest the bullish trend that depends on the price stability above 1.2050 as a first condition to achieve the waited targets, as breaking it will push the price to decline towards 1.1940 before any new positive attempt.
The expected trading range for today is between 1.2040 support and 1.2200 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 13-03-2023
The EURUSD pair reached few pips away from our waited positive target at 1.0745, showing some bearish bias affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the bullish wave that its targets extend to 1.0800 followed by 1.0925 after surpassing the previous level.
The EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1.0645 and holding below it.
The expected trading range for today is between 1.0610 support and 1.0780 resistance.
The expected trend for today: Bullish
The GBPCAD achieves big gains – Analysis – 13-3-2023
The GBPCAD pair succeeded to breach 1.6485 barrier to confirm moving to the bullish track again, to achieve big gains by reaching 1.6705, while the current negative rebound hints the attempt to gather the additional positive momentum, to assist to reinforce the domination of the bullish bias, expecting to surpass this obstacle and reach the additional positive stations at 1.6825 and the recently recorded high at 1.6935.
The expected trading range for today is between 1.6590 and 1.6740
The expected trend for today: Bullish
Natural gas price repeats the sideways fluctuation – Analysis – 13-3-2023
No news for natural gas price until this moment, to continue forming weak sideways waves by fluctuating near 2.550 level, affected by the negativity of the major indicators, which hinder the attempt to resume the correctional bullish attack that depends on the stability of the additional support at 2.400.
Stochastic reach to the oversold areas confirms getting rid of the negative pressures, to expect gathering the additional positive momentum and start forming correctional bullish waves to attempt to achieve some gains by rallying towards 3.100 followed by reaching the additional barrier near 3.500.
The expected trading range for today is between 2.350 and 3.000
The expected trend for today: Bullish