Gold price declined in its last intraday trading, due to the stability of the resistance at 3.050$, affected by several negative pressures and the domination of a bearish correctional wave on the short-term basis, the price decline after it succeeded to surpass some of its clear oversold moves in the (RSI), reinforcing the negative scenario.

CADGBP pair’s price began activating the bearish correctional attack by its repeated stability below the bullish channel’s resistance at 1,8770, besides providing negative momentum by stochastic, to notice suffering losses by reaching 38.2% Fibonacci correction level at 1.827.

The price might be forced to form some of the sideways trading, but the repeated stability below the extra barrier at 1,8465 level, and the continuation of providing negative momentum by stochastic, so that makes us wait for breaking 1,8270 level, to open the way towards targeting extra correctional stations that might begin at 1,8190 and 1,8125.

The expected trading range for today is between 1,8200 and 1,8410

Trend forecast: Bearish

Natural gas price lost the positive momentum recently, which forces it to settle below the obstacle at 4,180$, to form a temporary negative rebound, to keep its stability above the extra support at 3,750$.

We expect the price affection by the sideways bias domination, to attempt to gain the required positive momentum, to expect targeting 4,050 level, then repeat the attempt of breaching the mentioned obstacle, while facing new negative pressures might push the price to resume the correctional decline, to suffer extra losses by reaching 3,560$ before any attempt to achieve the waited positive targets. 

The expected trading range for today is between 3,750$ and 4,050$

Trend forecast: Bullish

The EURJPY pair confirmed its regain to the negative track by its stability below the bearish channel’s resistance at 160.90, to notice today’s opening by hitting 158.20 level, then attempt to retest the main resistance, in order to gather more of the negative momentum to confirm the continuation of the negativity in the upcoming trading.

Therefore, we keep preferring the negative attempts, to expect attacking 158.85 level, and confirming breaking this obstacle might extend the trading towards 157.35, which forms the next main target, in attempt to target 161.60 and 162.35 before reaching the extra negative stations.

The expected trading range for today is between 158.20 and 160.80

Trend forecast: Bearish