Natural gas price keeps the positivity – Analysis – 20-9-2023
Natural gas price kept its positive stability above the major support 2.400 to notice the attempt to form some bullish waves and settle near 2.750, also, the major indicators provide the positive momentum to ease the mission of resuming the rise, reminding you that the initial targets of the bullish track are located near 3.100 and 3.550.
The expected trading range for today is between 2.600 and 3.100
The expected trend for today: Bullish
The EURJPY repeats the positive closings – Analysis – 20-9-2023
No change to the EURJPY pair’s bullish track due to its frequent fluctuation within the bullish channel and moving away from the major support 156.60, noting that stochastic begins to provide the positive momentum by rallying above 50 level will activate the bullish to keep waiting to achieve clear gains by rallying towards 159.20, while surpassing this obstacle will push the price to 160.60 as a next main target.
The expected trading range for today is between 157.20 and 159.20
The expected trend for today: Bullish
The GBPJPY tends towards the negativity – Analysis – 20-9-2023
Despite the GBPJPY pair recent trades, the continuous fluctuation below 183.50 and stochastic negative momentum signals increase the chances of providing correctional bearish trades as expected previously.
We recommend to wait to confirm breaking 182.90 level to open the way to reach the negative stations that might start at 182.35 and 181.80, while rallying above 183.50 again and providing positive close will allow it to regain the bullish bias to attempt to achieve some gains by rallying towards 184.40 and 185.00 levels.
The expected trading range for today is between 183.50 and 182.35
The expected trend for today: Bearish
Platinum price tests the additional barrier – Analysis – 20-9-2023
Platinum price trades extended towards 950.00 to test 50% Fibonacci correction level that formed additional barrier recently, while the continuous fluctuation below this barrier will increase the chances of activating the main bearish track, to expect targeting 920.00 and 880.00 levels soon.
Also, the MA55 decline and settling near the mentioned barrier confirm confining trades within the bearish track, to keep waiting to gather the additional negative momentum and ease the mission of touching the mentioned negative targets.
The expected trading range for today is between 950.00 and 920.00
The expected trend for today: Bearish