The GBPUSD forecast update 23-04-2024
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.2265$.
Note that breaching 1.2385$ will stop the expected decline and lead the price to start recovery attempts that target visiting 1.2480$ areas initially.
The expected trading range for today is between 1.2270$ support and 1.2420$ resistance.
Trend forecast: Bearish
The EURUSD price forecast update - 23-04-2024
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, and as long as the price is below 1.0715$, the bearish trend scenario will remain active for today, supported by the negative overlapping signal provided by stochastic, waiting to resume the negative trades and break 1.0615$ to open the way to head towards 1.0520$.
The expected trading range for today is between 1.0580$ support and 1.0725$ resistance.
Trend forecast: Bearish
The GBPCHF under the negative effect – Forecast today – 23-4-2024
GBPCHF Pair Price Analysis
Expected Scenario
- The GBPCHF pair still affected by the negative pressures represented by the stability of the major resistance 1.1433 in addition to the MA55 that forms additional barrier by fluctuating near 1.1365 recently, to notice suffering clear losses by touching 1.1170.
- Now, stochastic crawl below 50 level will increase the negative pressures and allow us to suggest more negative attempts to target 1.1150 followed by reaching the additional support 1.1070.
Expected Trading Range
Between 1.1310 and 1.1150.
Trend Forecast: Bearish
Natural gas price forms strong positive rally – Forecast today – 23-4-2024
Natural Gas Price Analysis
Expected Scenario
- Natural gas price faced strong positive pressures yesterday to manage to surpass 2.000$ barrier and press on the MA55 by reaching 2.090$ and holding near it, while the price needs new close above 2.000$ to manage to take advantage of the positive momentum coming by stochastic to confirm moving to the bullish track and start recording additional gains that might extend towards 2.240$ followed by 2.500$ on the medium term basis.
Expected Trading Range
Between 2.050$ and 2.250$.
Trend Forecast: Bullish