The EURNZD confirmed its surrender to the bearish trend dominance by providing a new negative close below 1.9795 level, affected by providing negative momentum by the main indicators, to suffer clear losses by reaching 1.9640.
Providing negative momentum by stochastic makes us expect forming extra barrier at 1.9680 level, and providing negative trading to target 1.9440 level reaching the next support at 1.9340 level.
The expected trading range for today is between 1.9440 and 1.9565
Trend forecast: Bearish
Natural gas price kept its positive stability above $3.150 level, to confirm the continuation of the previously suggested bullish scenario, to renew the positive pressures on the moving average 55 at $3.350.
Note that stochastic stability within the overbought level will provide new positive momentum to ease the mission of surpassing the current obstacle and begin to record extra gains that might begin at $3.520 and $3.680.
The expected trading range for today is between $3.200 and $3.520
Trend forecast: Bullish
The EURJPY pair remains affected by the positivity of the main indicators, which forces it to delay the bearish correction trend, to notice its fluctuating near 185.80 level, attempting to find an exit for recording more gains in the near and medium period.
The continuation of providing positive momentum by the main indicators and the stability above the extra support at 184.80, we recommend waiting for achieving the required breach to ease the mission of recording extra gains by its rally towards 186.25 and 186.65.
The expected trading range for today is between 185.20 and 186.65
Trend forecast: Bullish
The GBPJPY pair returned to form some bullish waves, affected by forming an extra strong support at 213.30 level, to renew the pressure on 214.50 barrier, which represents %66.8 Fibonacci correction level.
The attempt of providing positive momentum by the main indicators, as stochastic approaches 80 level might ease the mission of surpassing the current barrier, announcing its readiness to record extra gains by its rally towards 214.95 and 215.25, while the failure of the breach will force it to provide mixed unstable trading with a new chance for the decline towards 213.30.
The expected trading range for today is between 214.00 and 215.25
Trend forecast: Bullish