The GBPCHF begins to decline – Analysis – 1-2-2023
The GBPCHF pair surrendered to the domination of the bearish bias by providing new negative close below 1.1480 resistance and start forming new negative waves by reaching 1.1280.
The negative stability below the moving average 55 and stochastic additional negative momentum signals confirm the continuation of the negativity, to expect suffering additional losses soon by targeting 1.1210 followed by repeating the pressure on the additional support 1.1105.
The expected trading range for today is between 1.1340 and 1.1210
The expected trend for today: Bearish
Natural gas price repeats the negative fluctuation – Analysis – 1-2-2023
No change to natural gas price bearish track due to the frequent stability within the main bearish channel, in addition to the stability of the additional barrier 3.500, to force it to form new negative waves and settle near 2.750.
The above chart shows stochastic crawl towards the oversold areas, to provide the additional negative momentum and ease the mission of reaching the bearish channel’s support line at 2.250.
The expected trading range for today is between 3.000 and 2.300
The expected trend for today: Bearish
The Indian index postpones the bullish attack – Analysis – 1-2-2023
The Indian index faced strong negative pressures recently to force it to postpone the bullish attack by consolidating below 18850 barrier, to notice forming correctional bearish waves and suffering clear losses by reaching 17650.
The moving average 55 positivity contradicts stochastic attempt to provide the additional negative momentum, which might force the price to form temporary sideways fluctuation, while the frequent stability below the mentioned resistance will increase the chances of resuming the negative attempts, to expect targeting 17320 followed by attempting to test the additional support at 16810.
The expected trading range for today is between 18100 and 17400
The expected trend for today: Bearish
The EURJPY has to decline – Analysis – 1-2-2023
Despite the EURJPY pair’s recent weak sideways trades and moving within tight track represented by 142.10 resistance and 140.25 support, the major indicators attempt to provide the negative momentum will form strong negative motive to allow us to keep the negative overview for the upcoming trading.
We remind you that succeeding to crawl below the mentioned support and getting negative close will open the way to form strong negative trades, to target many negative stations that might start at 139.40 followed by reaching 138.20 obstacle.
The expected trading range for today is between 141.90 and 140.25
The expected trend for today: Bearish