Natural gas price awaits the break – Analysis – 10-8-2022
Natural gas price provided sideways fluctuation yesterday due to the frequent consolidation above the additional support at 7.600, to postpone the decline temporarily, reminding you that it is important to hold below the additional barrier 8.110 to confirm confining trades within the bearish track, waiting to react to stochastic negativity and manage to break the current support to reach the initial negative stations near 7.240 and 6.950.
The expected trading range for today is between 7.950 and 6.950
The expected trend for today: Bearish
The Brazilian index covers some losses – Analysis – 10-8-2022
The Brazilian index took advantage of the frequent positive stability above 7950 level that forms the additional support against the negative trades, to notice forming positive rebound and achieve 8335 level.
Also, stochastic attempt to crawl towards the overbought areas will provide the price with the additional positive momentum, to assist to reinforce the domination of the correctional bullish bias and expect to reach 8460 to press on the moving average 55 that forms the next target for the bullish bias.
The expected trading range for today is between 8160 and 8400
The expected trend for today: Bullish
The EURJPY has to rise – Analysis – 10-8-2022
Despite the EURJPY pair’s recent weak trades, the positive factors represented by the main stability within the bullish channel and the additional support formed at 136.65 allow us to wait to gather the positive momentum, to start targeting the positive stations near 138.55 followed by reaching the additional barrier at 139.65.
The expected trading range for today is between 137.25 and 138.55
The expected trend for today: Bullish
The GBPJPY repeats the sideways fluctuation – Analysis – 10-8-2022
The GBPJPY pair failed to confirm breaching 163.45 level, to form new sideways fluctuation without recording any new positive target, and despite the continuous positive momentum coming by the major indicators, the stability of the barrier might force it to form temporary negative rebound to test the initial support at 162.05 before achieving any new positive target.
These factors allow us to suggest the negative fluctuation, depending on the stability of the mentioned barrier, while getting positive close above it will open the way to start achieving the positive gains by moving towards 164.05 followed by reaching 164.75 as a first main station for the bullish track.
The expected trading range for today is between 163.65 and 162.80
The expected trend for today: Bearish