Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

The AUDCAD keeps the negativity – Forecast today – 29-1-2025

Economies.com
2025-01-29 05:44AM UTC

The AUDCAD price ended the correctional bullish rebound by testing the MA55 at 0.9065, to keep its negative stability below the major resistance at 0.9090.

 

Note that the price begins to react to stochastic negativity by crawling towards 0.8985 to allow us to keep the negative overview that might target 0.8940 followed by reaching 0.8860 obstacle.

 

The expected trading range for today is between 0.8940 and 0.9030

 

Trend forecast: Bearish

Natural gas price resumes the decline – Forecast today – 29-1-2025

Economies.com
2025-01-29 05:41AM UTC

Natural gas price faced new negative pressures yesterday to crawl below 50% Fibonacci correction level at 3.130$, hinting its preparation to resume the negative attack by settling at 3.080$.

 

Also, the MA55 forms additional barrier by settling near 3.260$ to increase the negative pressures and allow us to suggest declining towards 2.970$ followed by reaching the next support at 2.840$.

 

The expected trading range for today is between 2.970$ and 3.200$

 

Trend forecast: Bearish

The EURJPY repeats the sideways fluctuation – Forecast today – 29-1-2025

Economies.com
2025-01-29 05:40AM UTC

The EURJPY pair still affected by the domination of the sideways bias by fluctuating within the sideways track represented by 161.60 support and 163.25 resistance.

 

Note that stochastic continuous negative momentum might push the price to attack the current support, while breaking it will push the price to form new negative trades to target 160.90 and 160.20 levels.

 

The expected trading range for today is between 161.65 and 163,25

 

Trend forecast: Neutral

The GBPJPY consolidates below the resistance – Forecast today – 29-1-2025

Economies.com
2025-01-29 05:40AM UTC

No news for the GBPJPY pair despite the frequent stability above 191.80 support line, to notice its surrender to the stability of 194.30 resistance line in addition to stochastic negative momentum signals.

 

These factors confirm the price affection by the domination of the sideways bias, to provide mixed trades until breaching the resistance to manage to achieve additional gains by rallying towards 194.80 and 195.55 levels.

 

The expected trading range for today is between 192.80 and 194.30

 

Trend forecast: Bullish