Midday update for the EURUSD 06-12-2022
The EURUSD pair didn’t show any strong move since morning, to continue fluctuating near 1.0515 level, to continue with our neutrality until we get clearer signal for the next trend, to continue monitoring the price behavior according to the mentioned level.
To review the expected targets for the upcoming period, please check our morning report.
The expected trading range for today is between 1.0400 support and 1.0600 resistance.
The expected trend for today: Neutral
Coffee price is under the negative effect – Analysis – 6-12-2022
Coffee price still affected by the negative factors represented by 181.70 level forming additional barrier and the continuous negative momentum coming by the major indicators, to keep its fluctuation near 164.00.
We expect to form new bearish wave soon to target 155.40 followed by attempting to test the key support 146.00 that forms the key to detect the next main trend.
The expected trading range for today is between 170.00 and 155.40
The expected trend for today: Bearish
Natural gas price repeats the negative closings – Analysis – 6-12-2022
Natural gas price repeated the negative closings below 6.440 to hint its surrender to the domination of the bearish bias by consolidating near 5.650, noting that the continuous negative momentum coming by the major indicators will ease the mission of resuming the decline to target 5.300 that forms extension of historical support as appears on the chart.
The expected trading range for today is between 6.000 and 5.350
The expected trend for today: Bearish
The EURJPY fluctuates within the bearish track – Analysis – 6-12-2022
The EURJPY pair faced sudden positive pressures yesterday after stochastic exit from the oversold areas, to force it to form bullish wave and fluctuate above the bullish channel’s support line at 142.45, followed by testing the additional barrier by reaching 144.00.
Note that the stability of the mentioned barrier might force the price to renew the negative attempts in order to exit the bullish track again and resume the negative trades by crawling below 142.40 and reach 141.50 as a first negative target for the bearish track, while surpassing the barrier will provide chances to achieve some gains by moving towards 145.10.
The expected trading range for today is between 144.00 and 142.70
The expected trend for today: Bearish