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Midday update for the EURUSD 03-01-2024

Economies.com
2024-01-03 09:26AM UTC

The EURUSD pair is testing 1.0960 and keeps its stability below it, to keep the bearish trend scenario valid for today, supported by the EMA50, reminding you that our next target is located at 1.0860, while breaching 1.0960 represents positive factor that will lead the price to attempt to recover on the intraday basis and stop the expected bearish trend.

 

The expected trading range for today is between 1.0860 support and 1.1010 resistance.

 

The expected trend for today: Bearish

The CHFJPY keeps the negativity – Analysis – 3-1-2024

Economies.com
2024-01-03 05:30AM UTC

The CHFJPY pair confirmed its affection by the bearish track by moving away from 169.10 resistance line, to notice providing strong negative pressures now on the initial support at 166.60.

 

Note that stochastic decline below 50 level will provide the price with new negative momentum to ease the mission of breaking the mentioned support and open the way to reach the additional negative stations, to expect moving towards 165.75 level soon, followed by pressing on the MA55 near 164.90.

 

The expected trading range for today is between 167.75 and 166.75

 

The expected trend for today: Bearish

Natural gas price is affected by the resistance line stability – Analysis – 3-1-2024

Economies.com
2024-01-03 05:30AM UTC

Natural gas price kept its stability below the major resistance 2.750, forming new bearish wave and touching 2.550 level, also, the stability of the MA55 near the current resistance will increase the chances of gathering the additional negative momentum, to manage to resume the negative attempts and wait to target 2.200 level soon, followed by reaching the next main target at 1.950.

 

The expected trading range for today is between 2.700 and 2.200

 

The expected trend for today: Bearish

The EURJPY touches the first target – Analysis – 3-1-2024

Economies.com
2024-01-03 05:28AM UTC

The EURJPY pair still under the negative effect by providing frequent negative closings below 157.10 barrier, supported by the fluctuation of the moving average near it, to notice forming some negative waves recently to achieve the first target at 155.00.

 

Now, stochastic crawl towards the oversold areas will increase the negative pressures to confirm the continuation of the negativity for the upcoming period, to expect targeting 154.55 followed by reaching 153.70 extended support.

 

The expected trading range for today is between 156.00 and 154.55

 

The expected trend for today: Bearish