Midday update for the EURUSD 03-12-2021
The EURUSD pair hovers around the EMA50 since morning, and didn’t show any strong move, waiting for the US data today, which might cause high volatility at the markets.
In general, we will keep our bearish overview for today as long as 1.1375 level remains intact, reminding you that our main waited targets begin at 1.1240 and extend to 1.1150.
The expected trading range for today is between 1.1200 support and 1.1375 resistance.
The expected trend for today: Bearish
Natural gas price suffers big losses – Analysis – 3-12-2021
Natural gas price was affected by the strong negative pressures recently, to keep its stability within the minor bearish channel and notice suffering big losses by reaching 4.030, while the price forms correctional bullish wave now to hint the attempt to gather the additional negative momentum to ease the attempt to resume the decline until reaching 3.800 level, followed by pressing on the bearish channel’s support line at 3.645.
Note that it is important to hold below 4.505 resistance to hinder any attempt to chance the bearish track before reaching the mentioned negative stations.
The expected trading range for today is between 4.400 and 3.800
The expected trend for today: Bearish
Nikkei index prepares for new decline – Analysis – 3-12-2021
Nikkei index renewed the correctional bearish trades, to settle below 28950.00 that forms the additional barrier against the recent trades, also, stochastic crawl below 50 level will provide the price with new negative momentum to ease the mission of declining below 27320.00 level and reach the next main target at 26230.00.
The expected trading range for today is between 28400.00 and 27320.00
The expected trend for today: Bearish
The EURJPY still confined – Analysis – 3-12-2021
No change to the EURJPY pair’s trades that keeps moving within sideways range, represented by 128.45 resistance and 127.55 support, thus, we will stay neutral until surpassing one of these levels.
We remind you that surpassing the resistance will open the way to record some positive targets towards 129.20, while crawling below the support will force it to suffer additional losses that might extend towards 126.80 initially.
The expected trading range for today is between 127.50 and 128.50
The expected trend for today: Neutral