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The CADJPY ends the positive rebound – Analysis – 23-2-2023
The CADJPY pair ended the positive rebound by providing negative close below the moving average 55, which supports the stability of 100.60 barrier, also, stochastic decline below 50 level will increase the chances of gathering the negative momentum, to reinforce the chances of activating the negative attack and target 98.85 followed by reaching 50% Fibonacci correction level at 97.55.
On the other hand, resuming the bullish attack requires forming strong bullish waves to surpass 101.35 and confirm moving to the bullish track in the upcoming period.
The expected trading range for today is between 100.20 and 98.85
The expected trend for today: Bearish
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Natural gas price awaits the additional momentum – Analysis – 23-2-2023
Natural gas price started to form sideways waves after facing the psychological barrier at 2.000, while the main stability within the bearish channel and 2.800 level forming additional barrier allow us to wait to gather the additional negative momentum to ease the mission of breaking the current support and reach the additional targets near 1.650 followed by reaching the bearish channel’s support line at 1.450.
MoreThe EURJPY provides sideways trades – Analysis – 23-2-2023
The EURJPY pair failed to surpass 144.10 to force it to postpone the bullish attack and provide temporary sideways fluctuation near 143.20, noting that stochastic continues to provide the negative momentum to force the price to provide some correctional bearish rebound and target 142.50 followed by reaching the moving average 55 at 141.90.
MoreThe GBPJPY holds above the moving average – Analysis – 23-2-2023
The GBPJPY pair still consolidated within the correctional bullish track until this moment by leaning above the moving average 55, forming new additional support at 162.00, expecting to start forming bullish waves soon to repeat the pressure on 163.70 level, which surpassing it will open the way to reach the additional positive stations at 164.00 and 165.00.
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