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Midday update for the GBPUSD 21-10-2022
The GBPUSD pair resumes its negative trades to support the continuation of the bearish trend for the rest of the day, reminding you that our main targets begin at 1.1055 and extend to 1.0920 as next main stations, supported by the negative pressure formed by the EMA50, while the price needs to hold below 1.1290 to continue the expected decline.
The expected trading range for today is between 1.1080 support and 1.1220 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 21-10-2022
The EURUSD pair settles below 0.9790 level, to keep the bearish trend active for today, supported by moving below the EMA50, waiting for additional negative trades in the upcoming sessions to achieve our targets that start at 0.9700 and extend to 0.9630.
MoreThe CADCHF tests the resistance – Analysis – 21-10-2022
The CADCHF pair touched the main resistance at 0.7335, to stop the bullish attack and start declining to settle near 0.7280, noticing the consolidation of the moving average 55 above the main resistance to confirm blocking trades within the bearish track, to suggest declining towards the negative stations at 0.7240 and 0.7205 levels.
MoreNatural gas price continues to decline – Analysis – 21-10-2022
Natural gas price gained new negative momentum by stochastic attempt to crawl towards the oversold areas, to notice forming new negative attack and touch 5.200, expecting to form additional barrier at 5.550 and achieve new negative targets by moving towards the bearish channel’s support at 4.950, while breaking this level will push the price to move to new negative track, to expect reaching 4.700 and 4.450 levels.
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