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The CADCHF holds above the support – Analysis – 8-9-2023
The CADCHF pair succeeded to get rid of the negative pressures, to keep its stability above the additional support near 0.6445, to increase the chances of activating the bullish track and start covering the losses that appeared recently, touching 0.6545 level.
Now, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to start gathering the positive momentum to manage to target some positive stations by rallying towards 0.6635 followed by pressing on 0.6740 barrier.
The expected trading range for today is between 0.6475 and 0.6600
The expected trend for today: Bullish
No news for natural gas price – Analysis – 8-9-2023
Natural gas price didn’t move, to continue providing sideways trades and settling near 2.600 level, while the chances of activating the previously suggested bullish track still valid as long as 2.450 support line remains intact, waiting to gather the positive momentum to ease the mission of achieving some gains by moving towards 2.900 and 3.100.
MoreThe EURJPY repeats testing the initial support – Analysis – 8-9-2023
The EURJPY pair ended the temporary negative fluctuation by testing the initial support 157.00, followed by renewing the positive action by rallying towards 157.90, while the frequent stability within the bullish channel and stochastic attempt to provide the positive momentum assist to activate the previously suggested bullish attack, to keep waiting to reach the positive stations represented by 159.20 and 159.80 levels.
MoreThe GBPJPY resist stochastic negativity – Analysis – 8-9-2023
The GBPJPY pair faced new negative pressures yesterday due to stochastic crawl below 50 level, which pushed the price to form temporary crawl below 183.50 level followed by bouncing quickly towards 184.20.
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