Midday update for the GBPUSD 15-12-2023
The GBPUSD pair shows new positive trades now to approach 1.2800 barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that we are waiting to visit 1.2880 as a next main target.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.2720 and holding below it.
The expected trading range for today is between 1.2700 support and 1.2850 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 15-12-2023
The EURUSD pair faces negative pressure to test the key support 1.0960, affected by stochastic negativity, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, as breaking it represents negative factor that will put the price under additional negative pressure that its next target reaches 1.0860.
Stochastic attempts to get rid of its negativity to support the bullish trend scenario, noting that we are waiting to visit 1.1080 as a next main target.
The expected trading range for today is between 1.0930 support and 1.1080 resistance.
The expected trend for today: Bullish
The GBPCHF tends towards the positivity – Analysis – 15-12-2023
The GBPCHD pair took advantage of stochastic positive momentum to notice forming positive pattern by settling above 1.0970 support line, achieving some gains by rallying towards 1.1080.
Note that confirming the bullish scenario requires jumping above the MA55 at 1.1100 to ease the mission of attacking 1.1155 barrier that forms the key to move to the bullish track in the medium-term period.
The expected trading range for today is between 1.1020 and 1.1120
The expected trend for today: Bullish
Natural gas price repeats the negative closings – Analysis – 15-12-2023
No change to natural gas price bearish track as it keeps providing new closings below the initial barrier at 2.550, while the current sideways fluctuation is caused by the lack of the negative momentum due to stochastic exit from the oversold areas and approaching 50 level.
We expect the price to be affected by the domination of the sideways bias now until gathering the negative momentum again to manage to form strong bearish waves to target the main stations at 2.100 and 1.950.
The expected trading range for today is between 2.500 and 2.100
The expected trend for today: Bearish