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The CADCHF tests the resistance – Analysis – 21-10-2022
The CADCHF pair touched the main resistance at 0.7335, to stop the bullish attack and start declining to settle near 0.7280, noticing the consolidation of the moving average 55 above the main resistance to confirm blocking trades within the bearish track, to suggest declining towards the negative stations at 0.7240 and 0.7205 levels.
The expected trading range for today is between 0.7320 and 0.7240
The expected trend for today: Bearish
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Natural gas price continues to decline – Analysis – 21-10-2022
Natural gas price gained new negative momentum by stochastic attempt to crawl towards the oversold areas, to notice forming new negative attack and touch 5.200, expecting to form additional barrier at 5.550 and achieve new negative targets by moving towards the bearish channel’s support at 4.950, while breaking this level will push the price to move to new negative track, to expect reaching 4.700 and 4.450 levels.
MoreHang Seng index continues the negative crawling – Analysis – 21-10-2022
Hang Seng index still surrendering to the domination of the bearish bias by consolidating within the bearish channel, in addition to forming strong additional barrier at 18270, to notice suffering big losses by moving towards 16020.
MoreThe EURJPY begins with new positivity – Analysis – 21-10-2022
The EURJPY pair started today with positive action to notice forming positive wave and attempt to touch the positive target at 147.60, reminding you that it is important to hold above 145.65 support that confirms confining trades within the bullish track to increase the chances of beaching 147.60 level and reach new stations that might start at 148.40 and 149.35 in the near term and medium term period.
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