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The GBPUSD forecast update 15-03-2024

Economies.com
2024-03-15 09:07AM UTC

The GBPUSD price shows slight bearish bias and still stable below the broken support of the bullish channel, to keep the bearish trend suggested for today, which targets 1.2655 as a next main station.

 

The EMA50 supports the expected decline, reminding you that breaching 1.2775 will stop the negative scenario and push the price to return to the main bullish track again.

 

The expected trading range for today is between 1.2650 support and 1.2800 resistance.

 

Trend forecast: Bearish

The EURUSD price forecast update - 15-03-2024

Economies.com
2024-03-15 09:07AM UTC

The EURUSD price settles below the broken neckline of the double top pattern, to keep the negative effect of this pattern active, waiting to resume the negative trades to break 1.0860 and confirm opening the way to head towards 1.0765.

 

Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.0900 followed by 1.0960 levels and hold above them.

 

The expected trading range for today is between 1.0790 support and 1.0950 resistance.

 

Trend forecast: Bearish

The CADJPY builds new bearish channel – Forecast today – 15-3-2024

Economies.com
2024-03-15 08:00AM UTC

The CADJPY pair formed minor bearish wave recently to reinforce the chances of resuming the negative attempts by fluctuating frequently below 109.80 resistance, while we will keep waiting the price to react to the negativity of the major indicators to ease the mission of targeting the first negative target at 109.20 followed by attacking 50% Fibonacci correction level at 108.95 in order to find a way to resume the decline in the upcoming period.

 

The expected trading range for today is between 109.70 and 109.20

 

Trend forecast: Bearish

Natural gas price tends towards the positivity – Forecast today – 15-3-2024

Economies.com
2024-03-15 07:59AM UTC

Natural gas price confirmed facing the negative pressures by providing new closings above the major support 1.540, to notice forming bullish wave yesterday and settling near 1.760.

 

Now, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to increase the chances of gathering the required positive momentum to motivate the bullish track, which might target 1.810 followed by reaching 2.000 barrier.

 

The expected trading range for today is between 1.650 and 1.810

 

Trend forecast: Bullish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3457 (2025-08-11 03:36AM UTC)