Midday update for the EURUSD 24-01-2023
The EURUSD pair didn’t show any strong move since morning, to fluctuate around 1.0865 level, thus, no change to the expected bullish trend for today, which depends on the price stability above 1.0830, supported by the EMA50, reminding you that our next main target reaches 1.1030.
The expected trading range for today is between 1.0820 support and 1.0970 resistance.
The expected trend for today: Bullish
The NZDCAD keeps the positivity – Analysis – 24-1-2023
The NZDCAD pair confirmed its surrender to the domination of the bullish bias by rallying above the additional barrier 0.8625 recently, to notice achieving additional gains by moving towards 0.8700, also, the major indicators begin to provide the additional positive momentum to increase the chances of resuming the bullish attack, to expect targeting 0.8810 resistance line soon, while surpassing it will push the price to form new bullish waves in the upcoming period to target 0.8880 as a next station.
The expected trading range for today is between 0.8660 and 0.8810
The expected trend for today: Bullish
Natural gas price is weak – Analysis – 24-1-2023
Natural gas price provided weak sideways trades yesterday, attempting to face stochastic positivity by settling below 3.500 level in order to reinforce the chances of resuming the negative attack again, thus, we will keep suggesting the domination of the bearish scenario for the upcoming period, to expect gathering the negative momentum and crawl towards 3.120 direct, followed by attempting to reach the next main target at 2.6000.
The expected trading range for today is between 3.750 and 3.150
The expected trend for today: Bearish
The EURJPY keeps the bearish bias – Analysis – 24-1-2023
The EURJPY pair provided negative close below the additional barrier 142.00 yesterday, to increase the chances of activating the negative attack again, while the current weak trades are caused by stochastic contradiction against the moving average 55 that provides negative signals by settling below the mentioned barrier.
These factors allow us to expect forming temporary sideways fluctuation until gathering the additional negative momentum to ease the mission of starting the negative attack and press on 140.25 level soon, while breaking it will confirm the continuation of the negativity by targeting 139.40 and 138.20 levels.
The expected trading range for today is between 142.10 and 140.25
The expected trend for today: Bearish