Midday update for the EURUSD 16-03-2023
The EURUSD pair traded positively to reach the first waited target at 1.0640, waiting to surpass this level to confirm extending the bullish wave and head towards 1.0745 as a next main target, supported by stochastic that continues the provide the positive signals.
Therefore, the bullish trend will remain active for today, reminding you that it is important to hold above 1.0515 to continue the expected rise.
The expected trading range for today is between 1.0515 support and 1.0680 resistance.
The expected trend for today: Bullish
The NZDCAD still bullish – Analysis – 16-3-2023
The NZDCAD pair formed correctional bearish rebound to touch 0.8450 level, affected by stochastic exit from the overbought areas, while the consolidation of the MA55 above the additional support 0.8360 confirms confining trades within the bullish track until this moment, to continue suggesting the bullish trades that might target 0.8540 followed by reaching the next main station at 0.8630.
The expected trading range for today is between 0.8430 and 0.8540
The expected trend for today: Bullish
Natural gas price repeats the sideways fluctuation – Analysis – 16-3-2023
Natural gas price lost the positive momentum to postpone the correctional bullish attack and fluctuate near the additional support at 2.400, while the current support forms the key to detect the next trend, as settling above it will push the price to gather the positive momentum again, to manage to cover more losses and target 3.000 followed by 3.500 levels.
On the other hand, surrendering to the negative pressures and crawling below 2.400 will force it to form strong negative waves, to suffer more losses and move towards 2.2000 and 1.650 levels.
The expected trading range for today is between 2.350 and 2.950
The expected trend for today: Bullish
The EURJPY prepares the bearish bias – Analysis – 16-3-2023
The EURJPY pair provided new negative close yesterday below 144.00, to hint keeping the domination of the main bearish bias and notice forming strong negative attack, achieving 139.45 level and bouncing above the additional support at 140.25.
We expect to witness temporary sideways fluctuation until gathering the negative momentum again to ease the mission of confirming breaking the additional support and open the way to resume the negative to reach the additional stations near 139.00 and 138.20 levels.
The expected trading range for today is between 141.55 and 139.00
The expected trend for today: Bearish