Midday update for the GBPUSD 14-03-2023
The GBPUSD pair didn’t show any strong move since morning, to fluctuate around 1.2150 level, thus, no change to the expected bullish trend scenario for today, which targets 1.2260 followed by 1.2440 levels as next main stations, noting that we need to get positive motive that assists to push the price to achieve the suggested targets.
On the other hand, we should note that the continuation of the bullish wave depends on the price stability above 1.2070.
The expected trading range for today is between 1.2070 support and 1.2250 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 14-03-2023
The EURUSD pair fluctuates within tight range since morning, and stochastic continues to provide the negative signals on the four hours’ time frame, thus, the bearish trend scenario will remain valid for today, which targets 1.0620 followed by 1.0515 levels mainly.
We remind you that holding below 1.0745 is important to continue the expected decline, as breaching it will push the price to build bullish wave that its targets begin at 1.0800 and extend to 1.0925.
The expected trading range for today is between 1.0610 support and 1.0770 resistance.
The expected trend for today: Bearish
Coffee price still bullish – Analysis – 14-3-2023
Coffee price traded below the MA50 again, settled at 183.60, affected by stochastic exit from the overbought areas, suffering some losses by reaching 173.00.
Note that the main stability within the minor bullish channel that appears on the chart in addition to 163.40 level forming additional support confirm the continuation of the positivity for the upcoming period, therefore, we will keep waiting to gather the positive momentum again, to ease the mission of recording some gains by rallying towards 189.60 followed by reaching 201.10 as a first main target for the bullish track.
The expected trading range for today is between 172.00 and 189.60
The expected trend for today: Bullish
Natural gas price gets the positive momentum – Analysis – 14-3-2023
Natural gas price started to get the positive momentum after stochastic surpassed 50 level, to keep its stability above the additional support at 2.400, achieving some gains by consolidating now near 2.650.
We expect to resume the correctional bullish attack to attempt to achieve more gains by moving towards 3.000 followed by extending trades towards the additional barrier at 3.500, which forms the key to detect the medium term trend.
The expected trading range for today is between 2.350 and 3.000
The expected trend for today: Bullish