The EURUSD pair witnessed slight upside moves on the intraday levels, as it attempts to gain positive momentum that could support it to renew the upside trend. A bullish overlapping signal started to appear on the Relative Strength Index (RSI), after the indicator entered deep oversold areas compared to the pair’s movement, under the domination of the main bullish trend on the short-term basis.

The CHFJPY succeeded to activate the bullish attack by its repeated stability above the breached bearish channel’s resistance at 173.95, which represents a strong support against the bullish attempts, to notice achieving several positive gains by reaching 176.45.

The current sideways fluctuation caused by stochastic attempt to exit the overbought level, which makes us wait for gathering extra positive momentum in the current trading, reinforcing the chances for attacking 176.75 barrier, and surpassing it will reinforce recording extra gains by reaching 177.40.

The expected trading range for today is between 174.85 and 176.70

Trend forecast: Bullish

Natural gas prices failed to resume the bullish attack yesterday by facing the barrier near $3.640, forcing it to provide new negative trading, suffering clear losses by its stability near $3.385 as appears in the above image.

Note that the main indicators unification by providing negative momentum by stochastic attempt to reach the oversold level might increase the negative pressures on the current trading, which forces it to suffer more of the losses by reaching $3.190, while activating the bullish track will remain valid depending on breaching the mentioned barrier.

The expected trading range for today is between $3.190 and $3.520

Trend forecast: Bearish

The EURJPY pair kept its stability below the bearish channel’s resistance at 163.25, to confirm its surrender to the suggested bearish scenario by reaching 162.50, stochastic attempt to exit the overbought level will provide the required negative momentum to motivate the negative trading, which might target 161.30 level reaching the next target at 160.35 level.

Note that the price success to breach the resistance and holding above it will confirm its move to the bullish track, to begin preferring the bullish scenario, which might target 164.00 and 164.75 level.

The expected trading range for today is between 161.30 and 162.85

Trend forecast: Bearish