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

The EURCHF settles below the resistance – Forecast today – 2-12-2024

Economies.com
2024-12-02 05:12AM UTC

No change to the EURCHF price bearish track by consolidating below the bearish channel’s resistance line at 0.9338, while the sideways fluctuation near 0.9310 level is caused by the contradiction between stochastic positivity against the negative stability, waiting to provide negative momentum soon and ease the mission of targeting the negative stations located near 0.9250 and 0.9210 levels.

 

On the other hand, succeeding to breach the resistance and holding above it will confirm moving to the bullish track to start targeting many positive stations that start at 0.9375.

 

The expected trading range for today is between 0.9250 and 0.9320

 

Trend forecast: Bearish

Natural gas price begins with new negativity – Forecast today – 2-12-2024

Economies.com
2024-12-02 05:12AM UTC

Natural gas price started this morning by forming bearish gap, attacking 3.190$ level to confirm its surrender to the domination of the previously suggested correctional bearish track.

 

Now, stochastic attempt to crawl towards the oversold areas will increase the negative pressures on today’s trading, to expect suffer additional losses by moving towards 2.980$ followed by reaching the next additional support at 2.920$.

 

The expected trading range for today is between 2.980$ and 3.300$

 

Trend forecast: Bearish

The EURJPY attempts to activate the correctional bullish track – Forecast today – 2-12-2024

Economies.com
2024-12-02 05:10AM UTC

The EURJPY pair kept its stability above 158.25 level recently, attempting to activate the previously suggested correctional bullish track and take advantage of stochastic positive momentum, to settle near 158.50.

 

Gathering continuous positive momentum will allow the price to surpass the first obstacle at 158.80 to open the way to target many positive stations that might start at 159.25 followed by reaching 159.85, while declining below 158.25 and providing negative close will confirm its surrender to the domination of the bearish bias to force it to suffer new losses by crawling towards 157.10 first.

 

The expected trading range for today is between 158.20 and 159.85

 

Trend forecast: Bullish

The GBPJPY settles above the support – Forecast today – 2-12-2024

Economies.com
2024-12-02 05:09AM UTC

The GBPJPY pair succeeded to provide positive close above 190.35 extended support, attempting to decrease the losses and reinforce the chances of forming correctional bullish rally by rallying towards 191.10.

 

Also, stochastic exit from the oversold areas reinforces the chances of gathering the positive momentum to manage to target more positive stations, to expect surpassing 191.40 and reach 192.50 direct.

 

The expected trading range for today is between 190.35 and 192.50

 

Trend forecast: Bullish