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The CADJPY achieves the first target – Analysis – 18-4-2023

Economies.com
2023-04-18 06:29AM UTC

The CADJPY pair succeeded to resume the bullish attack after surpassing the MA55 at 99.35, to achieve the first main target by touching 100.60, facing 38.2% Fibonacci correction level.

 

The price might form some sideways fluctuation, while stochastic continuous positive momentum signals will increase the chances of breaching 100.60 level to open the way to record additional gains that might extend towards 101.35 followed by 102.10 in the upcoming period.

 

The expected trading range for today is between 99.85 and 101.35

 

The expected trend for today: Bullish

Natural gas price is affected by the major indicators’ contradiction – Analysis – 18-4-2023

Economies.com
2023-04-18 06:28AM UTC

Natural gas price continued to postpone the negative attack by consolidating above 1.950 level, affected by the contradiction between stochastic positivity against the MA55 negativity.

 

The price might renew the pressure on the additional barrier 2.500 to assure the importance of monitoring its behavior to manage to detect the next expected trend, as surpassing this barrier will open the way to renew the correctional bullish attempts that might target 3.100 level, while succeeding to hold below this barrier will reinforce the chances of resuming the decline, reminding you that the main negative targets are located near 1.750 and 1.480 levels.

 

The expected trading range for today is between 2.000 and 2.500

 

The expected trend for today: Bearish

The EURJPY takes breath – Analysis – 18-4-2023

Economies.com
2023-04-18 06:27AM UTC

The EURJPY pair formed some sideways fluctuation after reaching 147.45 level, attempting to take a breath and gain more positive momentum before resuming the bullish attack, while in general, the bullish overview will remain valid as long as the additional support 145.65 remains intact, reminding you that succeeding to surpass 147.70 level will open the way to record more gains, located near 148.40 followed by reaching the historical barrier at 149.40.

 

The expected trading range for today is between 146.35 and 147.70

 

The expected trend for today: Bullish

No news for the GBPJPY – Analysis – 18-4-2023

Economies.com
2023-04-18 06:26AM UTC

No news for the GBPJPY pair until this moment, to notice its new sideways fluctuation affected by the stability of 166.75 barrier that forms solid obstacle against the bullish attempts, expecting to surrender for more sideways fluctuation until achieving the required breach to ease the mission of reaching the additional positive stations near 167.40 and 168.25.

 

On the other hand, failing to breach might force the price to form some negative rebound, to force it to test the additional support 164.70 before recording any new positive target.

 

The expected trading range for today is between 165.85 and 167.20

 

The expected trend for today: Bullish