Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Natural gas price continues the sideways fluctuation – Forecast today – 11-3-2024

Economies.com
2024-03-11 07:25AM UTC

No news for natural gas price by fluctuating within the temporary sideways track, represented by 1.810 support and 2.000 resistance that keeps forming solid obstacle against the attempt to resume the bullish attack.

 

Stochastic provides the positive momentum to increase the chances of forming some bullish waves, to expect attacking the mentioned barrier again and wait to achieve the breach in order to confirm the continuation of the positivity for the upcoming period.

 

The expected trading range for today is between 1.800 and 1.950

 

Trend forecast: Bullish

The EURJPY activates the negative track – Forecast today – 11-3-2024

Economies.com
2024-03-11 07:23AM UTC

The EURJPY pair confirmed moving to the bearish track by providing new negative close below the bullish channel’s support line at 161.95, to notice forming strong negative waves and touching 160.38 level, while stochastic provides the negative momentum to increase the negative pressures on the price and expect suffering additional losses that might extend towards 159.70 and 159.00 levels soon.

 

The expected trading range for today is between 161.30 and 159.70

 

Trend forecast: Bearish

The GBPJPY holds above the support – Forecast today – 11-3-2024

Economies.com
2024-03-11 07:23AM UTC

The GBPJPY pair continued to resist stochastic negativity by fluctuation above 188.30 support line, attempting to reinforce the chances of renewing the bullish attempts and wait to target 189.60 level soon, followed by attempting to surpass 190.20 level in order to confirm the continuation of the positivity for the upcoming period.

 

On the other hand, surrendering to the negative pressures and breaking the current support will force it to activate the correctional decline to start suffering many losses by moving towards 187.50 followed by reaching 38.2% Fibonacci correction level at 186.60.

 

The expected trading range for today is between 188.50 and 190.15

 

Trend forecast: Bullish

Platinum price repeats the positive closings – Forecast today – 11-3-2024

Economies.com
2024-03-11 07:22AM UTC

Platinum price provided new positive close above 23.6% Fibonacci correction level at 908.00, to notice forming some bullish waves and settling near 918.00 level, to confirm the continuation of the previously suggested positivity.

 

Also, the major indicators provide the positive momentum to increase the efficiency of the bullish attack, to manage to reach the initial stations at 935.00 and 949.00 soon.

 

The expected trading range for today is between 910.00 and 935.00

 

Trend forecast: Bullish