Natural gas price repeats the pressure on the additional support – Analysis – 9-8-2022
Natural gas price repeated the negative pressures on the additional support 7.550, affected by stochastic negativity, expecting to break the current support and start forming strong negative waves to suffer many losses by moving towards 7.240 followed by 6.950 level as a first main target for the negative trades.
The expected trading range for today is between 7.800 and 6.950
The expected trend for today: Bearish
The Indian index achieves big gains – Analysis – 9-8-2022
The Indian index resumed its bullish rally to surpass 17185 level and achieve new gains by reaching 17560, while the current positivity is caused by the stability of trades within the bullish channel, in addition to stochastic positive momentum signals.
These factors allow us to suggest more bullish attempts, which increase the chances of reaching 17940 followed by attempting to press on the additional barrier at 18160, to form the next main target for the bullish bias.
The expected trading range for today is between 17200 and 17900
The expected trend for today: Bullish
The EURJPY repeats the positive closings – Analysis – 9-8-2022
No change to the EURJPY pair’s bullish track, as it keeps fluctuating within the bullish channel, in addition to its recent fluctuation above the additional support at 136.65, to notice achieving new positive target by reaching 137.95.
Note that it is important to gather the additional positive momentum to reinforce the bullish track and assist to reach the additional positive stations represented by 138.55 followed by reaching 139.65 level that represents 23.6% Fibonacci correction level.
The expected trading range for today is between 136.80 and 138.55
The expected trend for today: Bullish
The GBPJPY needs to confirm the breach – Analysis – 9-8-2022
The GBPJPY pair touched 163.85 level, while bouncing below 163.45 barrier will hinder the bullish rally for now to notice its consolidation near 163.00, recommending to monitor the price behavior and wait to get positive close above the current barrier to reinforce the continuation of the positivity that might target 164.05 initially followed by reaching 164.75.
On the other hand, the continuous fluctuation below 163.45 will increase the chances of forming new negative trades that might push the price to test the additional support at 162.00 before recording any new positive target.
The expected trading range for today is between 162.60 and 164.05
The expected trend for today: Bullish