|
The CADJPY records some gains – Analysis – 8-6-2023
The CADJPY pair resumed forming bullish trades to achieve additional gains by reaching 104.88, reminding you that the bullish scenario will remain valid as long as the price is above the key support 102.40, in addition to 103.70 level attempt to form the additional support against the bullish attempts.
In addition, we notice stochastic attempt to crawl towards the overbought areas, to provide the additional positive momentum, allowing us to keep the bullish overview that might target 105.10 level soon, followed by reaching the next main target at 105.80.
The expected trading range for today is between 104.10 and 105.10
The expected trend for today: Bullish
Thanks for your feedback.
Natural gas price repeats the sideways fluctuation – Analysis – 8-6-2023
Natural gas price didn’t succeed to exit the sideways bias, to continue fluctuating between 2.700 resistance and the additional support at 1.950, also, the contradiction between the major indicators allows us to continue with our neutrality and wait to surpass of the mentioned levels to manage to detect the next targets.
MoreThe EURJPY attempts to regain the positivity – Analysis – 8-6-2023
The EURJPY pair ended the recent trades by forming ascending triangle, attempting to face any negative pressures by consolidating above 148.75 support line, to notice achieving some gains by fluctuating near 149.70.
MoreThe GBPJPY awaits the breach – Analysis – 8-6-2023
The GBPJPY pair formed new bullish wave yesterday, taking advantage of the strength of the additional support at 172.50, to notice recording some gains by rallying towards 174.40, to confirm keeping the domination of the previously suggested bullish bias.
More