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The GBPUSD forecast update 21-01-2025

Economies.com
2025-01-21 09:25AM UTC

The GBPUSD price faces negative pressure to move below 1.2265$, which urges caution from the upcoming trading, as confirming the break will put the price under additional negative pressure that its targets begin by testing 1.2180$, noting that the price needs to surpass 1.2300$ to reinforce the chances of heading towards the main expected positive target at 1.2470$.

 

The expected trading range for today is between 1.2240$ support and 1.2390$ resistance

 

Trend forecast: Bullish

The EURUSD price forecast update - 21-01-2025

Economies.com
2025-01-21 09:25AM UTC

The EURUSD price shows calm bearish bias, affected by stochastic negativity, waiting to resume the expected bullish wave for today, which depends on the price stability above 1.0325$, reminding you that our waited targets begin at 1.0455$ and extend to 1.600$ after breaching the previous level.

 

The expected trading range for today is between 1.0320$ support and 1.0480$ resistance

 

Trend forecast: Bullish

The AUDCAD still bearish – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:37AM UTC

The AUDCAD price faced some positive pressures recently, to postpone the negative trades by forming temporary correctional bullish rebound and face 0.9030 barrier, noting that the frequent stability below 0.9085 resistance line and the MA55 crawl below it confirm the continuation of the negativity for the near-term and medium-term trades.

 

Also, stochastic reach to the overbought areas confirms getting rid of the positive pressures and provides the chance to gather the negative momentum again to ease the mission of renewing the negative attempts and target many negative stations that start at 0.8930 followed by reaching the next main target at 0.8800.

 

The expected trading range for today is between 0.8930 and 0.9045

 

Trend forecast: Bearish

Natural gas price settles within the bullish channel – Forecast today – 21-1-2025

Economies.com
2025-01-21 05:37AM UTC

No change to natural gas price bullish track due to the continuous fluctuation within the bullish channel that its major support line extends towards 3.650$, also, stochastic reach to the oversold areas confirms getting rid to the negative pressures, to expect renewing the bullish attempts and target 4.030$ followed by 4.330$ levels on the near-term basis.

 

The expected trading range for today is between 3.700$ and 4.030$

 

Trend forecast: Bullish