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The GBPUSD forecast update 22-08-2024

Economies.com
2024-08-22 09:30AM UTC

The GBPUSD price resumes the bullish rally to surpass 1.3100$ barrier and reinforce the expectations of continuing the bullish trend, and the way is open to achieve our new waited target at 1.3185$, noting that breaching the mentioned level will push the price to achieve more gains on the longer-term basis, while the expected rise will remain valid unless breaking 1.3044$ and holding below it.

 

The expected trading range for today is between 1.3010$ support and 1.3175$ resistance.

 

Trend forecast: Bullish

The EURUSD price forecast update - 22-08-2024

Economies.com
2024-08-22 09:30AM UTC

The EURUSD price shows sideways trades since morning, and continues to fluctuate around 1.1140$ level, and as long as the price is above 1.1120$, our bullish overview will remain active for today, supported by the EMA50 that carries the price from below, reminding you that our next main target reaches 1.1225$.

 

The expected trading range for today is between 1.1060$ support and 1.1220$ resistance.

 

Trend forecast: Bullish

The EURCHF attempts to resume the decline – Forecast today – 22-8-2024

Economies.com
2024-08-22 05:36AM UTC

The EURCHF price ended the correctional bullish rally by testing 50% Fibonacci correction level at 0.9570, to force it to activate the negative trades and notice providing strong negative pressures on the additional support at 0.9485.

 

Note that consolidating within the main bearish channel and stochastic attempt to provide the additional negative momentum support the chances of breaking the current support line to open the way to resume the negative attack, to expect targeting 0.9425 level initially, followed by reaching 23.6% Fibonacci correction level at 0.9378.

 

The expected trading range for today is between 0.9520 and 0.9425

 

Trend forecast: Bearish

Natural gas price gains new momentum – Forecast today – 22-8-2024

Economies.com
2024-08-22 05:36AM UTC

Natural gas price kept its stability above the MA55, attempting to surpass 50% Fibonacci correction level at 2.340$ to confirm its preparation to resume the previously suggested bullish attack.

 

Now, stochastic additional positive momentum allows us to wait to confirm breaching the current barrier and ease the mission of recording the main targets, located near 2.450$ and 2.530$.

 

The expected trading range for today is between 2.300$ and 2.450$

 

Trend forecast: Bullish

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3305 (2025-08-06 06:06AM UTC)