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The GBPAUD settles below the resistance – Analysis – 15-3-2023

Economies.com
2023-03-15 05:35AM UTC

The GBPAUD pair ended its correctional bullish rebound by facing the major resistance at 1.8330, to keep its stability below it in order to reinforce the domination of the bearish bias for the upcoming period, assuring the importance of gathering the negative momentum to manage to start the negative track by declining towards 1.7945 first, and breaking this obstacle might extend trade towards 1.7650.

 

The expected trading range for today is between 1.8210 and 1.8000

 

The expected trend for today: Bearish

Natural gas price moves slowly – Analysis – 15-3-2023

Economies.com
2023-03-15 05:35AM UTC

Natural gas price continued to provide slow trades due to stochastic contradiction against the main stability within the bearish channel, to consolidate near 2.600 without recording any new correctional target.

 

We remind you that the correctional bullish track will remain valid as long as 2.400 keeps forming addition support, to expect the attempt to reach additional positive stations that might start at 3.000 followed by reaching the next barrier at 3.500.

 

The expected trading range for today is between 2.350 and 2.850

 

The expected trend for today: Bullish

The EURJPY postpones the decline – Analysis – 15-3-2023

Economies.com
2023-03-15 05:33AM UTC

The EURJPY pair failed to resume the negative attack due to the MA50 that forms solid support at 142.30, to force it to provide strong correctional bullish rebound and surpass144.00 as appears on the chart.

 

Note that stochastic positive momentum signals will increase the stability above 144.00 level, to ease the mission of recording additional gains that might extend towards 145.30 soon, while breaching this barrier will push the price to 146.40 as a next target.

 

The expected trading range for today is between 143.80 and 145.30

 

The expected trend for today: Bullish

The GBPJPY covers the losses – Analysis – 15-3-2023

Economies.com
2023-03-15 05:32AM UTC

The GBPJPY pair took advantage of stochastic rally above 50 to gain new positive momentum and notice the beginning of forming correctional bullish rebound, to cover some recent losses by reaching 163.60.

 

Also, the MA50 attempt to form additional support at 162.35 will allow the price to confirm breaching 163.50 obstacle, to expect targeting new positive stations by reaching 164.55 followed by reaching the main resistance at 165.70.

 

The expected trading range for today is between 163.00 and 164.55

 

The expected trend for today: Bullish