The EURUSD rose in its last intraday trading, attempting to offload some of its oversold conditions on the (RSI), especially, with the emergence of the positive signals, to hit the resistance of its EMA50, affected by the negative bullish wedge pattern
The NZDCAD price forms bearish correctional waves but its main stability within the bullish channel’s levels, besides the continuation of forming extra support at 0.8220 level, these factors support the continuation of the positivity in the upcoming trading.
Gathering the required momentum is important to assist activating the bullish attack, which targets 0.8295 level reaching the near period of the resistance at 0.8365, while the trading below the extra support will confirm delaying the bullish attack and forming several bearish correctional waves, to attempt to test the moving average 55 near 0.8180.
The expected trading range for today is between 0.8220 and 0.8295
Trend forecast: Bullish
No new for Natural gas price by its repeated fluctuations since yesterday’s trading near $3.150 level, note that the repeated stability above the support level at $2.960 represents a main factor to motivate the bullish scenario, to keep waiting for recording several gains by its rally towards $3.360 and $3.580.
Note that the price decline below the current support and providing negative close, will confirm its surrender to the bearish track, which forces it to suffer new losses by reaching $2.750.
The expected trading range for today is between $3.050 and $3.360
Trend forecast: Bullish