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The AUDCAD keeps the negativity – Analysis – 3-8-2022
The AUDCAD pair ended its correctional bullish rebound recently by facing strong resistance at 0.9035, to force it to form new negative waves and record 0.8875 level, noting that the stability of the moving average 55 near the major resistance and stochastic negative momentum signals allow us to suggest more negative trades that might target 0.8820 followed by reaching the obstacle at 0.8735.
The expected trading range for today is between 0.8945 and 0.8820
The expected trend for today: Bearish
Natural gas price begins to decline – Analysis – 3-8-2022
Natural gas price confirmed its affection by the domination of the bearish bias, to notice forming strong bearish wave yesterday and approach 50% Fibonacci correction level at 7.610.
MoreThe EURJPY hits the target – Analysis – 3-8-2022
The EURJPY pair succeeded to reach the additional negative target at 133.50, to form solid obstacle against the negative attempts and rebounds positively towards 136.05, expecting to form mixed trades now in order to reinforce the chances of gaining the positive momentum and cover more suffered losses to target 136.65 that formed additional barrier recently against the negative trades.
MoreThe GBPJPY covers some losses – Analysis – 3-8-2022
The GBPJPY pair touched the first additional negative target yesterday by reaching 159.43, to rebound bullishly towards 162.60, covering some recently recorded losses and settling above the moving average 55 as appears on the chart.
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