The EURCAD surrenders to the stability of the barrier – Analysis – 27-1-2023
The EURCAD pair repeated its fluctuation below the additional barrier 1.4610 level, to hinder the attempts to resume the correctional bullish trend and increase the chances of renewing the main negative attempts by crawling towards 1.4495.
Also, stochastic attempt to provide the negative momentum by moving towards 50 level will increase the efficiency of the bearish track, to keep waiting to target 1.4380 followed by reaching 38.2% Fibonacci correction level at 1.4160.
The expected trading range for today is between 1.4560 and 1.4380
The expected trend for today: Bearish
Natural gas price takes breath – Analysis – 27-1-2023
Natural gas price ended its recent negative attack by recording 2.770 level followed by forming temporary sideways trades, attempting to take a breath before resuming the negative attack again, reminding you that it is important to hold below the additional barrier 3.500 and wait to gather the negative momentum to ease the mission of touching the additional targets at 2.600 and 2.350.
The expected trading range for today is between 3.1500 and 2.600
The expected trend for today: Bearish
The EURJPY prepares to decline – Analysis – 27-1-2023
The EURJPY pair kept its stability below the additional barrier 142.50, to fluctuate below the moving average 55 and reinforce the chances of resuming the previously waited negative attack.
We assure the importance of breaking 140.25 obstacle at 140.25 to open the way to form strong negative waves and manage to reach the main negative targets that start at 139.15 and 138.20.
The expected trading range for today is between 142.00 and 140.25
The expected trend for today: Bearish
The GBPJPY keeps the negativity – Analysis – 27-1-2023
Despite the GBPJPY pair’s recent sideways trades, the main stability below the major resistance at 163.50 and 162.10 level forming additional barrier allow us to wait to gather the negative momentum, to ease the mission of recording the initial targets represented by 159.30 followed by attempting to break 158.60 obstacle in order to find a way to resume the negative trades for the upcoming period.
The expected trading range for today is between 161.50 and 159.30
The expected trend for today: Bearish