The EURUSD consolidates above the support – Analysis - 14-05-2021
The EURUSD pair kept its stability above 1.2064 level, and begins providing positive trades in attempt to move away from the mentioned level, which makes us suggest witnessing bullish bias today, targeting testing 1.2170 initially.
Therefore, the bullish bias will be expected for the upcoming sessions, noting that breaching 1.2090 will ease the mission of achieving the expected rise, while breaking 1.2064 represents negative factor that will press on the price to turn to decline and visit 1.1976 initially.
The expected trading range for today is between 1.2000 support and 1.2170 resistance.
The expected trend for today: Bullish
Natural gas price gets ready to rise – Analysis – 13-05-2021
Natural gas price succeeded to face temporary negative pressures by providing positive closes above the bullish channel’s support at 2.855, to confirm its readiness to form strong bullish waves in the near and medium period.
Stochastic attempts to reach 80 level to provide the required positive momentum, to record the main targets near 3.070 and 3.220 in the current period trading.
The expected trading range for today is between 2.880 and 3.070
The expected trend for today: Bullish
Nikkei achieves the target – Analysis – 13-05-2021
Nikkei got advantages from the repeated negative pressures, to notice forming a bearish correctional attack, recording the target at 27530.00, which represents a historical support as appears in the above image.
The price needs new positive momentum, which allows it to settle above the current support, then begin forming bullish waves, to press on the moving average 55 at 28390.00 and surpassing it might extend the trading to 29500.00 in the upcoming period.
The expected trading range for today is between 27500.00 and 28100.00
The expected trend for today: Bullish
The EURJPY eases the way for a new rise – Analysis – 13-05-2021
The EURJPY pair began getting extra positive momentum, due to stochastic approach from 80 level, to notice providing a clear pressure on 1320.50 obstacle.
In general, the stability of the trading within the bullish channel’s levels, and the continuation of forming initial support at 131.50 level, makes us prefer more of the bullish attempts, to target new positive stations that might begin at 133.40 reaching 134.25 in the upcoming trading.
The expected trading range for today is between 131.80 and 133.40
The expected trend for today: Bullish