The NZDCAD provided a new positive close above the 0.8220 level, to keep its stability within the bullish channel’s levels, recording some gains by hitting 0.8270 level, besides the moving average 55 reach to the support of the bullish channel at 0.8190 confirms the trading confinement within the suggested bullish track.

Stochastic approach from 80 level will provide extra positive momentum to make us prefer more of the bullish attempts in the current period, to target 0.8285 and 0.8325 levels.

The expected trading range for today is between 0.8240 and 0.8325

Trend forecast: Bullish

Natural gas price confirmed its surrender to the bearish correctional bias by reaching below the initial support at $3.600, to settle below the moving average 55, hitting the initial negative target by reaching $3.450.

The stability of stochastic near 20 level will increase the negative pressure on the trading, which assist to renew the negative attempts that might target levels near $3.320, while the price success to regain the bullish bias requires providing a positive close above the barrier near $3.850.

The expected trading range for today is between $3.320 and $3.600

Trend forecast: Bearish temporarily

The EURJPY pair lost its positive momentum after hitting 164.25 level, forcing it to form a new correctional rebound, attempting to provide new pressures on the initial support at 163.35 as appears in the above image.

Note that the continuation of the main indicators contradiction might push the price to activate the bearish correctional track by breaking the current support and begin targeting negative stations by reaching 162.50 followed by the main support at 161.85, while confirming regaining the bullish bias needs a strong bullish rally, to step above 165.20 in the near and medium period trading.

The expected trading range for today is between 162.50 and 164.00

Trend forecast: Bearish

The GBPJPY pair touched 196.30 level, to face a strong obstacle against the attempts of resuming the bullish attack, which forces it to form a strong bullish rebound, to settle below the extra support at 194.20, announcing its surrender to the bearish correctional bias domination again.

The stability below the broken extra support and providing negative momentum by stochastic will increase the chances for suffering extra losses that might extend to 193.10 reaching to 192.45, while regaining the bullish bias requires a positive close above 195.35 level, reinforcing the chances for breaching the mentioned barrier and moving to a new positive station.

The expected trading range for today is between 193.10 and 194.90

Trend forecast: Bearish