The AUDCAD price remains stable until this moment above the extra support at 0.9725, to confirm the continuation of the previously suggested bullish scenario, reaching 0.9855.
The moving average 55 is stable near the mentioned support to confirm the trading confinement within the bullish trend, which makes us prefer more bullish attempts, which might target 0.9910 level, to press on the top of 0.9950 to find an exit for recording new gains in the upcoming period.
The expected trading range for today is between 0.9790 and 0.9910
Trend forecast: Bullish
Natural gas price remains surrounded by strong factors that are represented by stability below the resistance of $3.350 besides forming extra barrier at $3.200 level, to confirm its surrender to the previously suggested bearish scenario.
The fluctuation near $2.880 level is caused by the attempt of gathering the required negative momentum to confirm breaking the barrier at $2.820, to ease the mission of resuming the bearish trend by reaching $2.620, where breaking it will confirm its move to a new negative station, to expect forming extra target at $2.620 support.
The expected trading range for today is between $2.620 and $3.100
Trend forecast: Bearish
No news about the EURJPY pair’s price since Friday’s trading, due to its fluctuation near 186.65 barrier, which represents an intraday obstacle against the attempts to resume the main bullish trend.
Note that the stability within the minor bullish channel’s levels by forming initial main support at 185.45 level, these factors make us wait for breaching the current barrier and holding above it to confirm its readiness to resume the bullish trend by its rally towards 186.95 level, to attempt to reach the next main target near 187.60
The expected trading range for today is between 185.90 and 186.95
Trend forecast: Bullish
The GBPJPY pair continued forming sideways trading, to notice its continued fluctuations near 218.40 level without recording any new positive target due to the contradiction between its stability below 218.65 barriers against the attempt of providing positive momentum by the main indicators, specifically by stochastic reach to 80 level.
In general, the main scenario remains bullish, depending on the stability of the initial main support at 216.55, which makes us wait for breaching the current barrier, to begin targeting the positive stations and expect reaching 219.40 initially, putting a pressure on the psychological barrier at 220.00.
The expected trading range for today is between 217.85 and 219.40
Trend forecast: Bullish