Despite the stability of the EURJPY pair above 170.45 level, the repeated fluctuation below the extra barrier at172.00 decelerates the chances of achieving new gains until this moment, reaching its fluctuation in sideways range near 171.85.
The price might be forced to provide sideways trading, but the continuation of providing positive momentum by the main indicators will reinforce the chances of surpassing the mentioned obstacle, opening the way for achieving clear gains by its rally to 172.65 and 173.80.
The expected trading range for today is between 171.20 and 172.65
Trend forecast: Bullish
The CADCHF price confirmed surpassing the negative pressure by providing several positive closes above the support of 0.5775 level recently, activating with stochastic positivity and its rally to 0.5885, approaching the initial barrier at 0.5910.
Stochastic rally above 50 level makes us expect to breach the mentioned barrier, to resume the bullish attack by reaching 0.5965 followed by the next resistance at 0.6022.
The expected trading range for today is between 0.5830 and 0.5965
Trend forecast: Bullish
The (ETHUSD) price continued the rise in its last intraday trading, to attack the critical resistance level at $3,900, amid the dominance of the main bullish trend and its move alongside a minor supportive bias line for this track, with the continuation of the positive pressure that comes from its trading above EMA50, on the other hand, we notice the emergence of the negative signals on the (RSI), after reaching overbought levels, which might decelerate the rise in the upcoming period.
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The (Brent) price declined in its last intraday trading, to lean on the critical support level at $66.00, preparing for breaking it amid its affection by breaking a bullish trend line on a short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), despite reaching oversold levels.
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