The GBPUSD forecast update 18-03-2024
The GBPUSD price shows some slight bullish bias to approach the EMA50 that forms intraday resistance against the price, waiting to resume the negative trades within the bearish channel to achieve our main expected target at 1.2670.
Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1.2805 and hold with a daily close above it.
The expected trading range for today is between 1.2650 support and 1.2790 resistance.
Trend forecast: Bearish
The EURUSD price forecast update - 18-03-2024
The EURUSD price is testing the first key resistance 1.0900 and keeps its stability below it, and the EMA55 meets this level to add more strength to it, to keep the bearish trend scenario active for today, which its targets begin by breaking 1.0860 to head towards 1.0765.
We remind you that the continuation of the bearish wave depends on the price stability below 1.0900 and 1.0960.
The expected trading range for today is between 1.0800 support and 1.0950 resistance.
Trend forecast: Bearish
The EURCHF is under the positive effect – Forecast today – 18-3-2024
The EURCHF pair kept its stability above 38.2% Fibonacci correction level that forms new support at 0.9577, to confirm its surrender to the domination of the previously expected bullish bias by fluctuating near 0.9625.
The above chart shows the MA55 rally towards the key support 0.9520, to confirm confining the price within the bullish track, also, stochastic reach to 80 level will ease the mission of gathering the positive momentum, to manage to continue the rise and target new positive stations that start at 0.9675 and 0.9700.
The expected trading range for today is between 0.9600 and 0.9675
Trend forecast: Bullish
Natural gas price takes advantage of stochastic positivity – Forecast today – 18-3-2024
Despite natural gas price recent weak trades, the frequent stability above 1.540 level and stochastic attempt to provide the positive momentum support our expectation of attempting to provide strong bullish waves in the near-term and medium-term period.
We expect to start forming bullish waves soon to surpass 1.810 followed by attempting to renew the pressure on 2.000 barrier in order to find a way to resume the rise in the upcoming period.
The expected trading range for today is between 1.650 and 1.810
Trend forecast: Bullish