The price of (gold) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability of the bearish corrective trend on the short-term basis, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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The price of (EURUSD) settled lower with calm trading on its last intraday levels, due to the stability of the critical support at 1.1550, with the beginning of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload some of the oversold conditions, amid the continuation of the negative pressure and the dynamic resistance that is represented by its trading below EMA50, under the dominance of the main bearish trend on the short-term basis and its trading alongside trendline.
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The CADJPY succeeded by confirming the bullish scenario by breaching the barrier at 109.32, recording some extra gains, to settle near 110.25 as appears in the above image.
The main indicators unified by providing positive momentum, specifically by stochastic attempt to settle within the overbought level will increase the chances of achieving extra gains, to expect its rally towards 111.05 reaching 1.809%Fibonacci extension level near 111.90.
The expected trading range for today is between 109.75 and 111.05
Trend forecast: Bullish
Natural gas price succeeded in achieving the condition of activating the bullish track by its rally above $3.830 level, forming strong bullish rally and achieving several gains by its stability near $4.100.
Stochastic rally above 50 level will increase the positive pressures on the current trading, to expect resuming the bullish attack, reminding you that the extra targets is stable near $4.210 and $4.320 level.
The expected trading range for today is between $3.950 and $4.210
Trend forecast: Bullish
