Midday update for the GBPUSD 15-09-2023
The GBPUSD pair provides positive trades to head towards potential test to the key resistance 1.2505, affected by stochastic positivity, noticing that the EMA50 continues to press negatively on the price, waiting to resume the expected bearish wave on the intraday and short-term basis, which depends on the price stability below the mentioned resistance, while its next main target is located at 1.2310.
The expected trading range for today is between 1.2320 support and 1.2480 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 15-09-2023
The EURUSD pair shows bullish bias now to move away from 1.0635 level, to hint the attempt to recover in the upcoming sessions, which urges caution from the upcoming trading, as continuing the rise and surpassing 1.0685 will push the price to achieve more gains that reach 1.0735 and might extend to 1.0785.
On the other hand, the price needs to get negative motive that assist to resume the bearish wave that its targets begin by breaking 1.0635 to confirm opening the way to head towards 1.0515 as a main negative station.
The expected trading range for today is between 1.0550 support and 1.0700 resistance.
The expected trend for today: Bearish
The AUDCAD under the negative effect – Analysis – 15-9-2023
The AUDCAD pair formed major bearish channel as appears on the chart, to notice crawling towards 0.8720, noting that the consolidation of the MA55 near the major resistance at 0.8850 confirms blocking trades within the bearish track, allowing us to suggest more negative trades in the near term period, to target 0.8650 followed by 0.8610 levels.
The expected trading range for today is between 0.8750 and 0.8650
The expected trend for today: Bearish
Natural gas price repeats the positive stability – Analysis – 15-9-2023
Natural gas price repeated the positive closings, taking advantage of the support line stability at 2.450, to notice the attempt to gather the positive momentum by fluctuating near 2.750, keeping its stability above the MA55.
Also, stochastic attempt to gather the additional positive momentum will increase the chances of start recording the positive targets, waiting to touch 3.100 level followed by attempting to press on the additional barrier 3.550.
The expected trading range for today is between 2.650 and 3.100
The expected trend for today: Bullish