Midday update for the GBPUSD 29-06-2022
The GBPUSD pair shows tight trades since morning, with slight bearish bias to support the continuation of the expected bearish trend scenario for today, which depends on the price stability below 1.2305, reminding you that we are waiting to visit 1.2077 as a next main target.
The expected trading range for today is between 1.2130 support and 1.2280 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 29-06-2022
The EURUSD pair shows new negative trades to press on 1.0500 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets 1.0440 followed by 1.0355 as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 1.0550.
The expected trading range for today is between 1.0450 support and 1.0590 resistance.
The expected trend for today: Bearish
The AUDCAD returns to the negative track – Analysis – 29-6-2022
The AUDCAD pair returned to the negative track by declining below 0.8985 level that formed extension to the bearish channel’s resistance, to force it to suffer some losses by reaching 0.8880, noting that stochastic reach to the oversold areas will assist to provide the required additional negative momentum to resume the decline, waiting to record 0.8845 followed by 0.8805 levels soon.
The expected trading range for today is between 0.8930 and 0.8845
The expected trend for today: Bearish
Natural gas price holds above the support – Analysis – 29-6-2022
Natural gas price faced solid support at 6.050, to force it to renew the bullish attempts and notice reaching 6.700, also, stochastic reach towards the oversold areas will assist to end the negative pressures and provide chances to gather the positive momentum again, to reinforce the bullish attempts that might target 7.150 followed by reaching 50% Fibonacci correction level at 7.600.
The expected trading range for today is between 6.250 and 7.150
The expected trend for today: Bullish