The GBPAUD keeps the negative stability – Analysis – 6-7-2022
The GBPAUD pair continued to provide negative closings below the major resistance 1.7930, to notice the beginning of forming negative waves by approaching the first negative target at 1.7500.
We will depend on forming additional barrier at 1.7710 to wait to gather the negative momentum in order to motivate the negative trades that might target 1.7390 followed by reaching 1.7200 support line.
The expected trading range for today is between 1.7645 and 1.7400
The expected trend for today: Bearish
Hang Seng index renews the negative attack – Analysis – 6-7-2022
Hang Seng index confirmed its affection by the domination of the bearish bias by ending the bullish correction after testing the additional resistance at 22280, to notice forming negative attack and settle below the moving average 55 at 21600.
In addition, stochastic approach to 20 level will increase the chances of gathering the negative momentum, to manage to continue the negative attack and press on 21190 level, while breaking it might extend losses towards 20650.
The expected trading range for today is between 21600 and 21200
The expected trend for today: Bearish
IBEX index waits to break the support – Analysis – 6-7-2022
Despite IBEX index consolidation within the bearish channel, the stability of the additional support at 7950 continues to hinder the waited negative attack, while stochastic negative momentum signals will assist to renew the bearish attempts, waiting to achieve the required break to start recording the main targets by reaching 7730 and 7410.0
The expected trading range for today is between 8050 and 7730
The expected trend for today: Bearish
The EURJPY surpasses the negative targets – Analysis – 6-7-2022
The EURJPY pair activated correctional bearish attack yesterday, affected by the strength of 142.25 barrier to suffer big losses by surpassing 140.00 level, to notice its fluctuation at 138.70 now.
Also, stochastic negative momentum signals will increase the chances of resuming the negative attack, to ease the mission of testing the major support at 138.00 followed by monitoring the price behavior due to the importance of this support to detect the next main targets.
The expected trading range for today is between 139.60 and 138.00
The expected trend for today: Bearish