The EURNZD confirmed the stability of the bullish scenario by providing several positive closes above the minor bullish channel’s support at 2.1055, activating with the main indicators’ positivity, achieving some gains by its stability near 2.0220.
Note that stochastic stability above 50 level will provide extra positive momentum that will allow it renewing the bullish attempts by its rally towards 2.0285 reaching the next target near 2.0348.
The expected trading range for today is between 2.0155 and 2.0285
Trend forecast: Bullish
Natural gas prices continued forming strong bullish trading, to approach from the resistance with small margin, reaching $4.314 level.
MoreThe EURJPY pair lost the positive momentum due to stochastic decline below 50 level, which forces it to delay the bullish rally and provide mixed sideways trading, fluctuating near 177.40.
MoreThe GBPJPY pair didn’t move anything since yesterday, forming sideways trading by its stability near 202.30, affected by the contradiction between the main indicators, while its positive stability above the initial main support at 200.45 and attempt to form extra support at 201.70 level, these factors makes us keep the bullish suggestion, which might target 203.95 level and surpassing it will make the price record extra gains that begin at 204.60.
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