The AUDCAD holds above the support – Analysis – 17-3-2023
The AUDCAD pair succeeded to hold above the key support 0.9085 to confirm keeping the domination of the bullish bias, forming some bullish waves to notice its fluctuation near 0.9195.
Also, the positive lean above the MA55 will increase the chances of gathering the positive momentum to increase the chances of surpassing the initial obstacle at 0.9220 followed by extending trades towards the positive stations near 0.9270 and 0.9310 levels.
The expected trading range for today is between 0.9150 and 0.9220
The expected trend for today: Bullish
No news for natural gas price – Analysis – 17-3-2023
Natural gas price didn’t move until this moment, taking advantage of the additional support line stability at 2.400, to decrease the chances of resuming the negative attack, also, we will keep waiting to gather the positive momentum to manage to renew the correctional bullish attempts and wait to reach the correctional stations at 3.000 and 3.500.
We remind you that facing the negative pressures again and crawling below the mentioned support will force it to form strong negative waves and suffer more losses by moving towards 2.000 and 1.650 levels.
The expected trading range for today is between 2.350 and 2.950
The expected trend for today: Bullish
The EURJPY needs to confirm the break – Analysis – 17-3-2023
The EURJPY pair repeated the fluctuation below the additional support at 140.25, while these attempts failed due to its correctional rebound towards 141.50, to hint postponing the negative attack for now.
On the other hand, attempting to hold below 142.90 barrier in addition to stochastic consolidation below 50 level support the continuation of the negativity, waiting to renew the negative attempt to attempt to confirm the required break and reach the additional stations that start at 139.00 and 138.20.
The expected trading range for today is between 141.90 and 140.25
The expected trend for today: Bearish
The GBPJPY touches the target – Analysis – 17-3-2023
The GBPJPY pair succeeded to achieve the negative target at 158.60, to form solid obstacle against the negative attack and form new rebound to settle near 161.60.
The price might provide some sideways fluctuation, while the main stability below 164.50 barrier and the major indicators’ attempt to provide the additional negative momentum allow us to keep the bearish overview, waiting to target 160.20 level soon, followed by repeating the pressure on 158.60 support line in order to find a way to resume the negativity in the upcoming period.
The expected trading range for today is between 162.30 and 160.00
The expected trend for today: Bearish