The EURNZD is under strong bearish pressure recently, which forces it to break 1.9735 level, and holding below it to suffer extra losses by reaching 1.9525.

Forming main barrier at 1.9735 level and providing negative momentum by the main indicators makes us expect reaching the support level at 1.9443, to attempt to break it to confirm its move to a new bearish phase, to targe t1.9370 and 1.9315 level.

The expected trading range for today is between 1.9445 and 1.9610

Trend forecast: Bearish

The EURJPY pair lost the bullish momentum by its last trading due to stochastic attempt to exit the overbought conditions, which forces it to provide some sideways trading by its fluctuation near 185.70 without recording any new positive target.

We expect forming temporary sideways trading until gathering bullish momentum to form new bullish waves, to target 186.20 level, reaching the next barrier near 186.65, while the risk of changing the bullish trend requires a decline below 184.20 support and holding below it.

The expected trading range for today is between 185.15 and 186.25

Trend forecast: Bullish

The GBPJPY pair approached in its last trading from the corrective target at 217.90, to begin forming bullish waves, holding within the bullish channel’s levels, to notice its rally towards 218.65 level.

In general, the stability above the support at 216.30 level by the continuation of providing positive momentum by the main indicators, these factors makes us keep the bullish scenario, which might target 219.10 and 219.85 level.

The expected trading range for today is between 218.20 and 219.85

Trend forecast: Bullish

Platinum price confirmed its surrender to the bearish scenario by providing repeated negative closes below the extra barrier at $1690.00, reaching $1560.00 barrier in Friday’s trading, to provide some sideways trading by its fluctuation near $1590.00.

The continuation of providing negative momentum by the main indicators might increase the chances of breaking $1560.00 level, to open the way for reaching the next negative stations, which might begin at $1490.00 and $1440.00.

The expected trading range for today is between $1530.00 and $1620.00

Trend forecast: Bearish