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The NZDCAD presses on the moving average – Analysis – 2-5-2023
The NZDCAD pair renewed the positive trades, attempting to hold above the major support 0.8240, to notice renewing the positive pressure on the MA55 that formed an obstacle against the bullish attempts by settling at 0.8400.
Now, stochastic consolidation above 50 allows us to expect gathering the additional positive momentum to ease the mission of breaching the current barrier and start achieving the positive gains at 0.8480 and 0.8550 levels.
The expected trading range for today is between 0.8340 and 0.8480
The expected trend for today: Bullish
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Natural gas price needs an exit – Analysis – 2-5-2023
Natural gas price continuous fluctuation within the sideways track between 2.500 resistance and 1.950 support allows us to stay neutral for today, waiting to get new signal by surpassing one of the mentioned levels to manage to detect the next targets.
MoreThe EURJPY confirms the positivity – Analysis – 2-5-2023
The EURJPY pair confirmed moving to the bullish track by providing positive close above the bullish channel’s support line at 150.40, to notice its approach to the first positive target at 151.45.
MoreThe GBPJPY continues to rise – Analysis – 2-5-2023
The GBPJPY pair continued to form strong bullish waves, confirming its surrender to the domination of the bullish bias, to notice its approach to the first additional target at 172.50, reminding you that the main stability within the bullish channel that appears on the chart and 169.25 forming continuous additional support allow us to suggest more bullish attempts in the near term and medium term period to surpass 172.50 level and record additional gains by moving towards 173.65 and 174.70 levels.
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