The NZDCAD price formed correctional bullish rebound recently after facing 50% Fibonacci correction level at 0.8035, in addition to stochastic rally towards 80 level, to notice recording some gains by settling near 0.8105.

Note that the current rebound won’t affect the main bearish track due to the frequent stability below 0.8240 resistance line in addition to the MA55 crawl below this resistance, thus, we will keep waiting to gather the negative momentum to manage to renew the pressure on 0.8035 level, while breaking it will open the way to target new negative stations, starting at 0.7980 as a first additional target.

The expected trading range for today is between 0.8035 and 0.8145

Trend forecast: Bearish

Natural gas price activated the previously suggested negative scenario by crawling towards 3.570$ level, to approach the first suggested target in our previous report.

We remind you that the bearish scenario depends on the stability of 3.890$ resistance line, in addition to the continuous negative momentum coming by stochastic, thus, we will keep our negative overview to expect surpassing 3.520$ level soon and reach the next negative target at 3.420$.

The expected trading range for today is between 3.420$ and 3.650$

Trend forecast: Bearish

The EURJPY pair formed new negative trades yesterday, affected by the stability of 160.25 barrier, to notice reaching the first negative target at 158.60.

Despite forming positive rebound, the continuous negative momentum coming by the major indicators allow us to keep the bearish overview, to increase the chances of breaking 158.60 level and target new negative stations tat start at 157.90 followed by reaching the next support at 157.30.

The expected trading range for today is between 157.90 and 159.60

Trend forecast: Bearish

The GBPJPY pair provided mixed trades yesterday to end it by consolidating near 191.20 level, keeping the negative track that depends on forming continuous solid barrier at 193.30 against the current trades.

The above chart shows stochastic exit from the overbought areas, to agree the EMA55 negativity and increase the negative pressures on the price, to keep waiting to target the negative stations near 189.70 and 188.90 levels.

The expected trading range for today is between 189.70 and 192.00

Trend forecast: Bearish