Midday update for the EURUSD 15-03-2023
The EURUSD pair trades with clear negativity now to move away from 1.0745 level, to head towards achieving more expected decline in the upcoming sessions, targeting 1.0620 followed by 1.0515 levels as next main stations.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 1.0745 and hold above it.
The expected trading range for today is between 1.0580 support and 1.0700 resistance.
The expected trend for today: Bearish
The GBPAUD settles below the resistance – Analysis – 15-3-2023
The GBPAUD pair ended its correctional bullish rebound by facing the major resistance at 1.8330, to keep its stability below it in order to reinforce the domination of the bearish bias for the upcoming period, assuring the importance of gathering the negative momentum to manage to start the negative track by declining towards 1.7945 first, and breaking this obstacle might extend trade towards 1.7650.
The expected trading range for today is between 1.8210 and 1.8000
The expected trend for today: Bearish
Natural gas price moves slowly – Analysis – 15-3-2023
Natural gas price continued to provide slow trades due to stochastic contradiction against the main stability within the bearish channel, to consolidate near 2.600 without recording any new correctional target.
We remind you that the correctional bullish track will remain valid as long as 2.400 keeps forming addition support, to expect the attempt to reach additional positive stations that might start at 3.000 followed by reaching the next barrier at 3.500.
The expected trading range for today is between 2.350 and 2.850
The expected trend for today: Bullish
The EURJPY postpones the decline – Analysis – 15-3-2023
The EURJPY pair failed to resume the negative attack due to the MA50 that forms solid support at 142.30, to force it to provide strong correctional bullish rebound and surpass144.00 as appears on the chart.
Note that stochastic positive momentum signals will increase the stability above 144.00 level, to ease the mission of recording additional gains that might extend towards 145.30 soon, while breaching this barrier will push the price to 146.40 as a next target.
The expected trading range for today is between 143.80 and 145.30
The expected trend for today: Bullish