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Natural gas price repeats the sideways fluctuation – Analysis – 28-7-2023

Economies.com
2023-07-28 08:15AM UTC

Natural gas price continues the sideways fluctuation without achieving any new positive target due to the contradiction between stochastic negativity against the frequent fluctuation above the additional support 2.550.

 

We expect the continuous domination of the sideways bias for the current trades until succeeding to gain the positive momentum again, to manage to surpass 2.750 obstacle and start targeting the positive stations near 3.100 and 3.550.

 

The expected trading range for today is between 2.600 and 2.950

 

The expected trend for today: Bullish

The EURJPY declines strongly – Analysis – 28-7-2023

Economies.com
2023-07-28 08:14AM UTC

The EURJPY pair was affected by the strength of 155.45 barrier to force it to activate the negative track again, to notice suffering clear losses by declining towards 151.40 as appears on the chart.

 

Note that stochastic continuous near 20 level will increase the chances of gathering the additional negative momentum, to force it to renew the negative attempts and repeat the pressure on the additional support at 152.25, while breaking it will push the price to suffer new losses that might extend towards 150.40 followed by reaching the next negative target at 149.50.

 

The expected trading range for today is between 153.85 and 152.25

 

The expected trend for today: Bearish

The GBPJPY suffers big losses – Analysis – 28-7-2023

Economies.com
2023-07-28 08:13AM UTC

The GBPJPY pair faced strong negative pressures to force it to decline below the minor bullish channel’s support line at 179.35, to notice suffering big losses by touching 176.30 followed by starting to cover some losses by moving towards 178.45.

 

Now, 179.35 level forming new resistance and stochastic decline towards the oversold areas allow us to expect renewing the negative attempts to target 177.40 level soon, followed by attempting to press on the additional support at 176.20.

 

The expected trading range for today is between 179.00 and 177.40

 

The expected trend for today: Bearish

Platinum price is forced to decline – Analysis – 28-7-2023

Economies.com
2023-07-28 08:13AM UTC

Platinum price formed new negative wave to crawl below the sideways track’s support line at 950.0, suffering some losses by moving towards 933.50, hinting its surrender to the domination of the bearish bias again.

 

We remind you that the continuation of the fluctuation below 985.00 resistance and the MA55 negative momentum by moving near this resistance, these factors support the domination of the bearish bias for the near term and medium-term period, to increase the chances of crawling towards 920.00 followed by attempting to press on 878.00 obstacle.

 

The expected trading range for today is between 970.00 and 900.00

 

The expected trend for today: Bearish