The AUDCAD ended the bearish corrective attack by facing key historical technical support at 0.9095 level, which allowed it to form bullish waves, to settle near 0.9140.

Note that the stability of the moving average 55 near the current support and stochastic attempt to provide bullish momentum, these factors makes us prefer more of the bullish attempts to form an initial target at 0.9180 level, and surpassing it will lead the price to achieve extra gains by its rally towards 0.9210 reaching the resistance at 0.9255.

The expected trading range for today is between 0.9110 and 1.9180.

Trend forecast: Bullish

Natural gas price failed by breaking the bullish channel’s support, affected by the continuation of the main indicators’ contradiction until this moment, which forces it to provide new sideways trading by its stability near $4.060.

The price confinement between the main support at $3.900 while $4.200 level is expected by forming strong barrier against the current trading, therefore, we recommend the neutrality for today, waiting for surpassing one of the main levels, to detect the expected trend in the near and medium period trading.

The expected trading range for today is between $3.900 and $4.200.

Trend forecast: Neutral

The EURJPY pair succeeded in resuming its bullish attack by surpassing 184.10 barrier on Friday, to target new positive stations by hitting 184.75 level.

Forming mixed waves due to stochastic exit from the overbought levels, but it will not affect the bullish scenario, depending on forming extra support at 183.60 level, which makes us wait for gathering extra positive momentum to ease the mission of reaching the next target at 184.90 level reaching 185.40 level.

The expected trading range for today is between 184.00 and 184.90.

Trend forecast: Bullish

The GBPJPY pair took advantage of the repeated positive pressures to confirm the continuation of the bullish scenario, surpassing the target at 209.85 on Friday forming 261%Fibonacc extension level, to open the way for recording big extra gains by hitting 211.05 level.

Noticing that stochastic reaches the overbought level, which allows it to settle within the minor bullish channel levels, depending on forming extra support at 209.80 level, to expect forming new gains by its rally towards 211.60 reaching the resistance of the bullish channel at 212.25.

The expected trading range for today is between 210.00 and 211.60.

Trend forecast: Bullish