Natural gas price resumes the rise – Analysis – 14-6-2021
Natural gas price succeeded to surpass 3.210 barrier recently, to resume its bullish rally caused by its consolidation within the bullish channel that appears on the chart.
Also, stochastic attempt to crawl towards the overbought areas will increase the chances of forming strong bullish rally soon, expecting to target many positive levels that start at 3.410 followed by reaching 61.8% Fibonacci correction level at 3.590.
The expected trading range for today is between 3.210 and 3.410
The expected trend for today: Bullish
The Australian index resumes the rise – Analysis – 14-6-2021
The Australian index confirmed its preparation to resume the bullish attack by surpassing 7310.00 barrier, to start recording new historical targets by reaching 7360.00.
Stochastic exit from the overbought areas might force the price to form temporary sideways fluctuation until gathering the additional positive momentum followed by extending trades towards the main stations at 7430.00 and 7515.00.
The expected trading range for today is between 7280.00 and 7430.00
The expected trend for today: Bullish
The EURJPY approaches the first correctional target – Analysis – 14-6-2021
The EURJPY pair faced negative pressures by stochastic crawl towards the oversold areas, to notice moving away from 133.60 barrier and approaching the first correctional target at 132.50.
We expect to face additional negative pressures to resume forming the negative waves, waiting to test the bullish channel’s support line at 132.00 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 133.30 and 132.00
The expected trend for today: Bearish
The GBPJPY moves within tight range – Analysis – 14-6-2021
The GBPJPY pair ended its recent trades by providing new negative close below 155.50, to move within tight track represented by this resistance and 154.30 support line.
Also, the contradiction between the major indicators confirms surrendering to the domination of the sideways bias, to stay neutral until surpassing one of these levels to manage to confirm the expected targets for the upcoming period.
The expected trading range for today is between 155.50 and 154.30
The expected trend for today: Sideways