Midday update for the GBPUSD 26-09-2022
The GBPUSD pair traded with strong positivity to breach 1.0635 and heads towards achieving bullish correction on the intraday basis, and we prefer to stay aside until we get clearer signal for the next trend, noting that breaching 1.0845 will confirm extending the correctional bullish wave towards 1.1015 as a next positive station, while breaking 1.0635 will put the price under the negative pressure again, to head towards 1.0295 initially.
The expected trading range for today is between 1.0600 support and 1.0845 resistance.
The expected trend for today: Neutral
Midday update for the EURUSD 26-09-2022
The EURUSD pair provided positive trades to test the key resistance 0.9700 that forms solid barrier against the price, to rebound bearishly and head towards resuming the bearish wave again, on its way to visit our next main target at 0.9510.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9700 and hold above it.
The expected trading range for today is between 0.9550 support and 0.9730 resistance.
The expected trend for today: Bearish
The coffee price needs a new positive momentum – Analysis – 26-9-2022
The coffee price repeated providing positive trading, depending on the stability of the extra support at 211.00, but the moving average 55 keeps decelerating the bullish attempts by its stability near 222.00, which forces it to provide new sideways trading as appear in the above image.
Note that resuming the bullish correctional attempts requires gathering new positive momentum, which allows it to rally towards the positive stations at 229.50 and 236.50, while reaching below the current support will reinforce the domination of the bearish bias again, to expect suffering big losses that might begin at 204.50 and 194.70.
The expected trading range for today is between 215.40 and 229.50
The expected trend for today: Bullish
No escape from Natural gas price decline – Analysis – 26-9-2022
Natural gas price repeated providing negative trading within the bearish channel levels, to reach below the extra barrier at 7.250, which increases the chances for resuming the negative attack in the near and medium period.
While gathering the extra negative momentum will allow it to confirm breaking 6.950 level, to open the way towards recording more of the negative targets that begin at 6.550 and 6.200.
The expected trading range for today is between 7.250 and 6.550
The expected trend for today: Bearish