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Midday update for the GBPUSD 16-02-2023

Economies.com
2023-02-16 11:01AM UTC

The GBPUSD pair shows sideways trades since morning, settling around 1.2040 level, thus, no change to the expected bearish trend scenario for today, which targets testing 1.1940 level mainly.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2085 and hold above it.

 

The expected trading range for today is between 1.1950 support and 1.2120 resistance.

 

The expected trend for today: Bearish

Midday update for the EURUSD 16-02-2023

Economies.com
2023-02-16 11:00AM UTC

The EURUSD pair begins to provide negative trades now, to support the chances of resuming the expected bearish trend for today, noticing that stochastic begins to lose its positive momentum gradually, while the EMA50 continues to form resistance barrier against the price.

 

Therefore, we will keep our bearish overview that depends on the price stability below 1.0745 as a main condition to achieve the negative targets that start at 1.0635 and extend to 1.0515.

 

The expected trading range for today is between 1.0620 support and 1.0770 resistance.

 

The expected trend for today: Bearish

The CHFJPY resumes the bullish correction – Analysis – 16-2-2023

Economies.com
2023-02-16 06:58AM UTC

The CHFJPY pair succeeded to breach 143.80 barrier to end the negative trades temporarily and notice forming strong bullish waves by reaching 145.30.

 

Also, the consolidation of the EMA50 below 143.80 level confirms blocking trades within the bullish track, to suggest targeting new positive stations by rallying towards 145.95 level soon, followed by testing 146.90 resistance.

 

The expected trading range for today is between 144.70 and 145.95

 

The expected trend for today: Bullish

Natural gas price gains positive momentum – Analysis – 16-2-2023

Economies.com
2023-02-16 06:57AM UTC

Natural gas price still consolidated above the additional support 3.350, to notice the beginning of gathering the positive momentum caused by stochastic surpass to 50 level to increase the efficiency of the previously suggested correctional bullish track, to expect targeting 2.950 level soon, followed by reaching the additional barrier 3.500.

 

In case the price crawled below the current support, that will force it to resume the main bearish attack to suffer more losses by crawling towards 2.050 followed by reaching the bearish channel’s support line at 1.650.

 

The expected trading range for today is between 2.350 and 2.900

 

The expected trend for today: Bullish