The EURUSD price forecast update - 28-03-2024
EURUSD Trading Analysis
- The EURUSD price resumes its negative trading to approach our first waited target at 1.0765$, affected by the double top pattern that supports the chances of surpassing the mentioned level to open the way to head towards 1.0645$ as a next negative target.
- The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless the price rallied to breach 1.0860$ and hold above it.
Expected Trading Range
- Support: 1.0730$
- Resistance: 1.0870$
The EURGBP settles below the resistance – Forecast today – 28-3-2024
EURGBP Pair Analysis and Forecast
Expected Scenarios
- New negative close below the bearish channel’s resistance at 0.8585.
- MA55 consolidates near this resistance, motivating negative trades.
- Stochastic decline towards 50 level and providing negative momentum.
These factors suggest a negative overview, expecting losses soon by moving towards 0.8535 to press on the additional support that appears on the chart.
Trading Range Forecast
The expected trading range for today is between 0.8575 and 0.8535.
Trend Forecast
Bearish
Natural gas price faces solid support – Forecast today – 28-3-2024
Natural Gas Price Analysis and Forecast
Expected Scenarios
- Faced solid historical support at 1.540$ yesterday.
- Formed strong positive rebound and tested 2.000$ barrier.
- Turned back to fluctuate negatively below 1.810$.
- Contradiction between major indicators.
This increases the efficiency of the sideways track, expecting continuous fluctuation between the mentioned major levels. Stay neutral until surpassing one of these levels to manage to confirm the next expected trend.
Trading Range Forecast
The expected trading range for today is between 1.820$ and 1.550$.
Trend Forecast
Neutral
The EURJPY leans above the major support – Forecast today – 28-3-2024
EURJPY Pair Analysis and Forecast
Expected Scenarios
- Stability above the bullish channel’s support line at 163.65.
- Attempt to get rid of negative pressures to reinforce the chances of forming new bullish waves.
- Consolidation of the MA55 below the mentioned major support.
- Stochastic begins to provide positive momentum.
These factors confirm confining trades within the bullish track, increasing the chances of achieving gains by rallying towards 164.20 followed by reaching the first main target at 164.80.
Trading Range Forecast
The expected trading range for today is between 163.65 and 164.20.
Trend Forecast
Bullish