Midday update for the GBPUSD 29-09-2023
The GBPUSD pair shows more rise to reach the thresholds of the waited target at 1.2280, and the way seems open to surpass this level and achieve additional gains that reach 1.2350.
Therefore, we will continue to suggest the bullish trend for the upcoming sessions, taking into consideration that breaking 1.2180 will stop the expected rise and put the price under the negative pressure again.
The expected trading range for today is between 1.2160 support and 1.2310 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 29-09-2023
The EURUSD pair begins to attack 1.0600 level, reinforcing the expectations of continuing the bullish trend for the rest of the da, which its next main target located at 1.0675.
It is important to monitor the price when reaching the mentioned level, as breaching it represents the key to extend the bullish wave to reach 1.0785 areas, reminding you that failing to surpass the current areas will push the price to decline again.
The expected trading range for today is between 1.0520 support and 1.0670 resistance.
The expected trend for today: Bullish
The EURCHF tests the barrier – Analysis – 29-9-2023
The EURCHF ended the bullish correctional rebound by attacking strong barrier at 0.9690, forming it to settle below this barrier forming a negative move towards 0.9650.
the stability of the moving average 55 near the extra barrier by stochastic exit from the oversold level will increase the chances for gathering the negative momentum, to keep waiting for our bearish expectation, to target 0.9600 and 0.9560 level.
The expected trading range for today is between 0.9680 and 0.9600
The expected trend for today: Bearish
Natural gas price continues the positive moves– Analysis – 29-9-2023
Natural gas price resumed its positive moves, confirming the continuation of the bullish bias domination, hitting 3.010, noticing that stochastic attempt to settle within the overbought level will increase the chances for gaining the extra positive momentum to form new bullish waves, to expect surpassing 3.100 level, then wait for reaching the next main target at 3.550.
The expected trading range for today is between 2.850 and 3.100
The expected trend for today: Bullish