Midday update for the GBPUSD 15-11-2023
The GBPUSD pair is testing the first support line 1.2460, and as we mentioned this morning, the price needs to consolidate above this level and above 1.2430 to keep the correctional bullish trend scenario active for today, waiting to get positive motive that assist to push the price to achieve our next target at 1.2590.
The expected trading range for today is between 1.2410 support and 1.2575 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 15-11-2023
The EURUSD pair faces negative pressure to attack 1.0860 level, which urges caution from the upcoming trades, as breaking this level represents negative factor that will push the price to achieve additional decline that targets testing 1.0760 areas initially.
Now, the price needs to step above 1.0860 level to revive the expected bullish trend scenario for today, which its next main target reaches 1.0960 areas.
The expected trading range for today is between 1.0800 support and 1.0960 resistance.
The expected trend for today: Bullish
The GBPCAD begins to hit the targets – Analysis – 15-11-2023
The GBPCAD pair took advantage of the frequent stability above 0.6830 support line, to activate the bullish attack by rallying towards 1.7130 yesterday, confirming its affect by the previously suggested bullish scenario.
Also, stochastic reach to the overbought areas and 1.7000 level attempt to form the additional support will increase the chances of resuming the bullish attack, to expect targeting 1.7185 level soon, while surpassing this obstacle will push the price to test the previously recorded high at 1.7340.
The expected trading range for today is between 1.7050 and 1.7180
The expected trend for today: Bullish
No news for natural gas price – Analysis – 15-11-2023
No news for natural gas price that keeps fluctuating within the sideways track represented by 3.300 resistance and 3.100 support, and we recommend to stay neutral and monitor the price until surpassing one of these levels to manage to confirm the next expected trend.
Surpassing the mentioned barrier will allow the price to renew the bullish attempts that might target 3.550 followed by 3.700 levels initially, while declining below the support will activate the bearish track again, to wait to move towards the key support 3.780 direct.
The expected trading range for today is between 3.300 and 3.100
The expected trend for today: Neutral