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The GBPUSD forecast update 27-06-2024
The GBPUSD price fluctuates with slight positivity, affected by the RSI positivity, but as long as the price is below 1.2700$, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin at 1.2580$ and extend to 1.2480$ after breaking the previous level.
The expected trading range for today is between 1.2540$ support and 1.2700$ resistance.
Trend forecast: Bearish
The EURUSD price forecast update - 27-06-2024
The EURUSD price shows positive trades to move away from 1.0675$ level gradually, reinforcing the expectations of continuing the bullish trend for the rest of the day, motivated by stochastic positivity, reminding you that our targets begin by breaching 1.0750$ to get strong positive motive that push the price towards 1.0840$ direct.
Holding above 1.0675$ is important to the continuation of the expected rise, as breaking it will push the price to turn to decline and head towards 1.0600$ areas mainly.
The expected trading range for today is between 1.0630$ support and 1.0775$ resistance.
Trend forecast: Bullish
The CHFJPY settles below the support – Forecast today – 27-6-2024
CHFJPY Price Analysis
Expected Scenario
- The CHFJPY price hit solid barrier at 179.25, to hinder resuming the bullish attack and force it to start forming correctional bearish waves to settle near 178.85 as appears on the chart.
- Note that stochastic decline below 80 level will increase the negative pressures to confirm the domination of the correctional bearish bias now, to expect targeting 178.42 followed by reaching 177.60 as a next main target for the negative trades.
Expected Trading Range
Between 179.05 and 178.42.
Trend Forecast: Bearish
Natural gas price fluctuates near the support – Forecast today – 27-6-2024
Natural Gas Price Analysis
Expected Scenario
- Natural gas price returned to form sideways trades, settling near the minor bullish channel’s support line at 2.720$, affected by stochastic decline below 50 level, to force it to postpone the bullish attack for now.
- Motivating the bullish trades requires the stability above the current support line to ease the mission of targeting some positive stations by rallying towards 3.000$ and 3.180$ soon, while facing new negative pressures and crawling below the current support will force it to activate the correctional bearish track temporarily, to suffer some losses by crawling towards 2.620$ and 2.480$ before reaching any new positive target.
Expected Trading Range
Between 2.750$ support and 2.980$ resistance.
Trend Forecast: Bullish