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The CADJPY threats the major support – Analysis – 16-9-2022
The CADJPY pair formed correctional negative trades recently, to move towards the bullish channel’s support line at 108.90 and settle near it, noting that the continuous negative momentum coming by stochastic will increase the negative pressure on the current support, to expect breaking it and move to the bearish track to suffer big losses that might start at 107.58 and 107.15.
Therefore, we recommend to wait the required break to avoid any losses that might appear due to postponing the decline and forming sideways trades now.
The expected trading range for today is between 108.15 and 107.58
The expected trend for today: Bearish
Natural gas price returns to the bearish track – Analysis – 16-9-2022
Natural gas price didn’t settle above the bearish channel’s resistance for long time, to notice its reaction to stochastic negativity to form strong negative wave and settle below 8.600, to start targeting the negative stations by moving towards 8.110.
Now, the consolidation of the moving average 55 near the major resistance will confirm confining trades within the bearish track, to keep our main bearish overview that might target 7.850 and 7.620 levels.
The expected trading range for today is between 8.400 and 7.850
The expected trend for today: Bearish
The Swiss index faces strong negative pressures – Analysis – 16-9-2022
The Swiss index faced strong negative pressures recently, which led to form negative waves and settle below 10840.00 barrier, suffering some losses by reaching 10675.00.
Stochastic attempt to crawl towards the oversold areas will increase the efficiency of the bearish track by providing the additional negative momentum, allowing us to suggest more negative attempts that might extend towards 10600.00 followed by 10460.00.
The expected trading range for today is between 10780 and 10600
The expected trend for today: Bearish
The EURJPY holds above the support – Analysis – 16-9-2022
The EURJPY pair still stable above the additional support until this moment at 142.30, in order to reinforce the bullish attempts, reminding you that the positive targets are located near 144.40 and 145.60.
On the other hand, breaking the current support and holding below it will increase the risks of suffering additional losses, to expect crawling towards 141.60 level followed by attempting to test the key support 140.90.
The expected trading range for today is between 142.30 and 144.40
The expected trend for today: Bullish