The EURJPY needs new momentum – Forecast today – 3-4-2024
Economies.com
2024-04-03 06:15AM UTC
Expected Scenarios:
- The EURJPY pair lost negative momentum yesterday.
- Stochastic rally towards overbought areas forced a postponement of the negative attack.
- Positive rebound formed towards 163.35 as seen on the chart.
- Main stability below 164.30 resistance and continuous additional barrier at 163.72 suggest waiting to gather negative momentum again.
- Renewal of previously suggested negative attack expected.
- Initial targets located near 162.65 and 162.15 levels.
Expected Trading Range:
- The expected trading range for today is between 163.60 and 162.65.
Trend forecast: Bearish
The GBPJPY still bearish – Forecast today – 3-4-2024
Economies.com
2024-04-03 06:14AM UTC
Expected Scenarios:
- The GBPJPY pair formed sideways trades after facing the 190.15 level.
- Attempts to resume the negative attack were hindered, with stability near the 190.70 level.
- Attempting to gather additional negative momentum to confirm continuation of negativity for upcoming trading.
- Importance of settling below the initial barrier at 190.80.
- Stochastic fluctuation near 20 level increases chances of attacking the mentioned obstacle.
- Breaking the barrier will open the way to resume the negative attack.
- Expectation of reaching 189.55 soon, followed by attempting to test the next support at 189.05.
Expected Trading Range:
- The expected trading range for today is between 191.00 and 190.15.
Trend forecast: Sideways
The EURCHF takes advantage of stochastic positivity – Forecast today – 3-4-2024
Economies.com
2024-04-03 05:37AM UTC
Expected Scenarios:
- The EURCHF pair confirms keeping the main bullish track.
- New close is provided above the additional support at 0.9690.
- Stochastic positive momentum signals are observed.
- A strong positive rally was formed yesterday, reaching 0.9785.
- Major indicators continue to provide positive momentum.
- Expectation of a bullish rebound and targeting 0.9810 soon.
- Attempt to press on 0.9845 resistance to resume positivity in the upcoming period.
Expected Trading Range:
- The expected trading range for today is between 0.9745 and 0.9810.
Trend forecast: Bullish
No news for natural gas price – Forecast today – 3-4-2024
Economies.com
2024-04-03 05:37AM UTC
Expected Scenarios:
- Natural gas price is still affected by the contradiction between major indicators.
- It continues to form weak waves by settling near the $1.860 level.
- Success in holding above $1.810 might motivate the bullish track for now.
- Expectation of attacking the $2.000 barrier.
- If the $2.000 barrier is surpassed and held above, it will confirm the move to the bullish track.
- Expectation of forming a strong bullish rally targeting positive stations starting at $2.150 and $2.250.
Expected Trading Range:
- The expected trading range for today is between $1.800 and $2.000.
Trend forecast: Bullish