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Midday update for the EURUSD 12-01-2023

Economies.com
2023-01-12 10:34AM UTC

The EURUSD pair keeps its stability above 1.0745 level, to keep the bullish trend scenario active for today, supported by the EMA50 that carries the price from below, reminding you that our next main target reaches 1.0915.

 

The expected trading range for today is between 1.0700 support and 1.0860 resistance.

 

The expected trend for today: Bullish

The CHFJPY begins to decline – Analysis – 12-1-2023

Economies.com
2023-01-12 05:49AM UTC

The CHFJPY pair started to activate the bearish track after facing the moving average 55 that formed strong barrier at 144.00, to notice suffering clear losses by reaching 142.30.

 

Now, gathering the additional negative momentum caused by stochastic crawl below 50 level allows us to expect resuming the negative attack to press on 140.10 obstacle followed by waiting to achieve the break to confirm the continuation of the negativity for the upcoming period.

 

The expected trading range for today is between 141.90 and 140.10

 

The expected trend for today: Bearish

No news for natural gas price – Analysis – 12-1-2023

Economies.com
2023-01-12 05:49AM UTC

No news for natural gas price until this moment due to its fluctuation above the additional support at 3.550 that hinders the chances of resuming the previously waited negative attack, expecting to form new sideways fluctuation with chances of covering some losses by rallying towards 4.250.

 

On the other hand, achieving the required break and getting negative close below 103.00 will open the way to target the additional negative stations, to expect moving towards 3.120 and 2.850 levels.

 

The expected trading range for today is between 4.000 and 3.550

 

The expected trend for today: Sideways

Nikkei index moves away from the support – Analysis – 12-1-2023

Economies.com
2023-01-12 05:48AM UTC

Nikkei index formed new bullish wave recently to move away from the key support 25680 and start recording some gains by touching 26450, also, stochastic exit from the oversold areas confirms getting rid of the negative pressures, to keep our bullish overview ad target 26820 level soon, while surpassing this obstacle will extend trades in the medium term period towards 27500.

 

The expected trading range for today is between 26100 and 26820

 

The expected trend for today: Bullish