The NZDCAD price started to form strong negative waves after facing 0.8235 resistance line recently, to notice forming negative decline and settling near 0.8100.

The consolidation of the MA55 below the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect falling under new negative pressures to continue declining until reaching 50% Fibonacci correction level at 0.8035.

The expected trading range for today is between 0.8035 and 0.8140

Trend forecast: Bearish

Natural gas price touched the target at 3.420$ followed by forming mixed trades in order to gather the required additional positive momentum to resume the bullish attempts.

We assure the importance of holding above 3.120$ support line to expect renewing the pressure on 3.420$ level soon, while surpassing it will push the price to record additional gains by rallying towards 3.530$ followed by reaching 3.700$ resistance line.

The expected trading range for today is between 3.210$ and 3.530$

Trend forecast: Bullish

The EURJPY pair touched 159.95 level yesterday followed by starting to form correctional bullish rebound, affected by stochastic exit from the oversold areas, to notice targeting the broken additional support at 160.20.

This positive rebound won’t form any threat to the main bearish track by settling below 161.65 barrier frequently, to keep waiting to gather the additional negative momentum and manage to renew the negative attempts to reach 159.10 and 158.35 levels soon.

The expected trading range for today is between 159.10 and 160.80

Trend forecast: Bearish

The GBPJPY pair succeeded to end the negative trades by approaching 189.75 support line yesterday, which forms 61.8% Fibonacci correction level to form strong bullish waves and cover many recent losses to settle near 192.70.

Resuming the bullish attempts requires surpassing 50% Fibonacci correction level at 193.30 to open the way to target new positive stations that might extend towards 194.10 followed by attempting to surpass 194.75 obstacle.

The expected trading range for today is between 192.00 and 193.85

Trend forecast: Sideways