Natural gas price fluctuates below the resistance – Analysis – 2-8-2022
Natural gas price approached the first negative target at 7.610, to rebound towards 8.210 in order to gather the required additional negative momentum to resume the previously suggested correctional bearish attack.
We remind you that the frequent stability below 9.100 resistance supports the domination of the previously suggested bearish bias, allowing us to wait to gather the negative momentum to ease the mission of pressing on 7.610 level, while breaking it might extend trades towards 7.330 and 7.050 levels.
The expected trading range for today is between 8.400 and 7.610
The expected trend for today: Bearish
Hang Seng index resumes the decline – Analysis – 2-8-2022
Hang Seng index succeeded to take advantage of the negative pressures to resume the negative attack and approach the first main target at 19345, reminding you that the main stability within the bearish channel and stochastic attempt to provide the negative momentum support the continuation of the negativity, to keep waiting to record new negative targets that might start at 18935 and 18320.
The expected trading range for today is between 19850 and 18935
The expected trend for today: Bearish
The EURJPY colored by red – Analysis – 2-8-2022
The EURJPY pair continued to form strong negative trades affected by stochastic negativity, noticing that it moves towards 134.00 to achieve the targets mentioned in our last report.
The price might form some sideways fluctuation, while that won’t affect the correctional bearish track to keep waiting to target new negative stations that might extend towards 133.50 level, while breaking this obstacle will push the price to suffer additional losses by moving towards 131.95.
The expected trading range for today is between 134.80 and 133.50
The expected trend for today: Bearish
The GBPJPY suffers big losses – Analysis – 2-8-2022
The GBPJPY pair surrendered to the frequent negative pressures to form strong negative attack and suffer big losses by touching the target at 159.85, facing 50% Fibonacci correction level.
Despite the main stability within the bullish channel, the continuous negative momentum coming by the major indicators might force the price to crawl below the current obstacle in order to target new negative stations that might start at 159.10 followed by reaching the bullish channel’s support line at 157.75.
The expected trading range for today is between 161.05 and 159.50
The expected trend for today: Bearish