The AUDCAD confirmed the continuation of the bullish track by providing positive closes above the support level at 0.9110, taking advantage of the stability of moving average 55 below it, to form a new bullish rally to settle near 0.9180.

Note that stochastic stability within the overbought level will open the way towards providing new bullish trading, to rally towards 0.9220 then attempts to press again on the barrier at 0.9255 to find an exit to record new gains in the upcoming period.

The expected trading range for today is between 0.9130 and 0.9220

Trend forecast: Bullish

Natural gas price continued forming negative trading, reaching below $3.940 to confirm moving towards the previously suggested negative track, noting that the contradiction between the main indicators might force the price to provide new mixed trading until reaching the negative target at $3.520.

While the return to the bullish trend requires forming a bullish rally to settle above $4.200 level, then begin recording some gains by its rally to $4.480 and $4.750.

The expected trading range for today is between $3.520 and $4.100

Trend forecast: Bearish

The EURJPY pair began with clear negativity this morning, by forming a new corrective decline by targeting 183.75 level, due to providing negative momentum by stochastic by reaching below 50 level, besides forming extra barrier at 184.40 level.

We expect providing more corrective attempts, which might target 183.55 level reaching the main support at 183.05, while surpassing the mentioned barrier and holding above it will confirm its readiness to renew the bullish attempts, repeating the pressure on 184.90 level to find an exit to record new historical gains in the upcoming period.

The expected trading range for today is between 183.05 and 184.00

Trend forecast: Bearish

The GBPJPY pair continued providing negative closes below 211.30 level, to confirm its surrender to the previously suggested bearish corrective bias dominance, reaching 210.40 taking advantage of stochastic exit from the overbought level.

We will keep our corrective expectations in the near trading, reminding you that the stability of the initial targets near 209.75 and 209.30, while the price success to step above the barrier and providing positive close will turn the bullish bias back, to expect its rally towards the next positive target near 212.65.

The expected trading range for today is between 209.75 and 211.20

Trend forecast: Bearish