Midday update for the EURUSD 12-04-2022
The EURUSD pair continues to decline calmly, waiting for more bearish bias to visit 1.0775 as a next main target, supported by the EMA50 that continues to press negatively on the price, reminding you that the continuation of the bearish wave depends on the price stability below 1.0950.
The expected trading range for today is between 1.0790 support and 1.0950 resistance.
The expected trend for today: Bearish
The GBPNZD tests the barrier – Analysis – 12-4-2022
The GBPNZD pair formed correctional bullish rebound recently, to test 1.9110 barrier as appears on the chart, while the upcoming scenario depends on the strength of this barrier, as its stability allows us to expect the beginning of forming strong negative trades that might target 1.8990 and 1.8850 levels.
On the other hand, succeeding to surpass the barrier and settling above it will cancel the negative overview by settling within the bullish track, to start suggesting targeting the positive levels that might start at 1.9200 and 1.9340.
The expected trading range for today is between 1.9100 and 1.8990
The expected trend for today: Bearish
Natural gas price continues to rise – Analysis – 12-4-2022
Natural gas price succeeded to surpass 6.360 barrier, to open the way to achieve additional gains by reaching 6.850, while the continuous positivity is caused by the price consolidation within the bullish channel, in addition to the major indicators that provide the positive momentum until now, thus, we will continue to suggest the bullish overview until touching the bullish channel’s resistance at 7.200 followed by monitoring its behavior to manage to confirm the main targets for the upcoming period.
The expected trading range for today is between 6.550 and 7.200
The expected trend for today: Bullish
The EURJPY touches the first target – Analysis – 12-4-2022
The EURJPY pair took advantage of the positive factors represented by forming additional support at 134.60 and stochastic continuous positive momentum, which pushed the price to form strong bullish rally and achieve the first target at 136.75.
These factors allow us to keep the bullish overview for the upcoming period, reminding you that it is important to monitor the price behavior in case touching the target at 137.70, due to its importance to detect the next main targets.
The expected trading range for today is between 136.20 and 137.70
The expected trend for today: Bullish