Midday update for the GBPUSD 20-09-2023
The GBPUSD pair resumes its negative trading clearly to approach our main waited target at 1.2310, and the way seems open to surpass this level and open the way to achieve additional negative targets that reach 1.2265 followed by 1.2200.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.2435 and holding above it.
The expected trading range for today is between 1.2300 support and 1.2445 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 20-09-2023
The EURUSD pair returns to test the main bearish channel’s resistance, affected by stochastic positivity, while the EMA50 continues to press negatively on the price.
Therefore, the bearish trend scenario will remain valid for today, waiting to get negative motive that assist to push the price to achieve our targets that start at 1.0635 and extend to 1.0515, reminding you that the continuation of the bearish wave depends on the price stability below 1.0705.
The expected trading range for today is between 1.0590 support and 1.0740 resistance.
The expected trend for today: Bearish
The EURCAD attacks the moving average – Analysis – 20-9-2023
The EURCAD pair confirmed its surrender to the domination of the bearish bias by consolidating below the additional barrier at 1.4600, to notice forming strong negative waves and attack the MA55 near 1.4355.
Also, stochastic reach to the oversold areas will increase the chances of resuming the negative attack, and breaking 1.4280 will activate the double top pattern followed by starting to target new negative stations that might start at 1.4170 and 1.4080.
The expected trading range for today is between 1.4430 and 1.4280
The expected trend for today: Bearish
Natural gas price keeps the positivity – Analysis – 20-9-2023
Natural gas price kept its positive stability above the major support 2.400 to notice the attempt to form some bullish waves and settle near 2.750, also, the major indicators provide the positive momentum to ease the mission of resuming the rise, reminding you that the initial targets of the bullish track are located near 3.100 and 3.550.
The expected trading range for today is between 2.600 and 3.100
The expected trend for today: Bullish