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Midday update for the GBPUSD 23-11-2023
The GBPUSD pair rallied upwards clearly to reach the thresholds of the waited target at 1.2590, and stochastic continues to provide the positive signals that support the chances of surpassing this level and open the way to head towards 1.2720 as a next main station.
Therefore, the bullish trend will remain suggested in the upcoming sessions conditioned by the price stability above 1.2460 and 1.2430 levels.
The expected trading range for today is between 1.2440 support and 1.2590 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 23-11-2023
The EURUSD pair shows additional positive trades to attempt to approach the first waited target at 1.0960, reinforcing the expectations of continuing the bullish trend for today, supported by the EMA50, noting that breaching the mentioned level will push the price to achieve additional gains that reach 1.1080, while the expected rise will remain valid conditioned by the price stability above 1.0860.
The expected trading range for today is between 1.0860 support and 1.1000 resistance.
The expected trend for today: Bullish
The CHFJPY pair formed bullish channel – Analysis – 23-11-2023
The CHFJPY pair formed strong bullish channel recently, to take advantage of the stability of the major support at 165.15 by forming many waves, to settle near 168.85.
Stochastic attempt to provide the positive momentum by surpassing 50 level in addition to 166.50 forming additional support allow us to suggest more bullish attempts, to target 170.20 as a first station for the current trades, followed by reaching 172.40 in the medium term period.
The expected trading range for today is between 168.10 and 170.00
The expected trend for today: Bullish
Natural gas price keeps the negativity – Analysis – 23-11-2023
No change to natural gas price by fluctuating below the MA55, attempting to gather the required additional negative momentum to attack 2.800 support line.
Note that stochastic continuous negative pressures might increase the chances of breaking the targeted support and open the way to form new bearish waves to move towards 2.670 followed by reaching 2.550 that formed additional support previously.
The expected trading range for today is between 2.980 and 2.800
The expected trend for today: Bearish