The price of (EURUSD) rose in its recent intraday trading, due to its lean on the support of its EMA50, providing positive momentum that assisted it to achieve this gains, besides the formation of a positive divergence on the (RSI), after reaching exaggerated oversold levels compared to the price move, with the beginning of the positive signals appearance, and the price under the dominance of the bullish trend and its trading alongside a minor bias on the short-term basis.

The EURCAD is affected by the continuation of the main indicators’ contradiction, which forces it to form sideways trading by its fluctuation near 1.5600 level, delaying the negative attack that depends on the main stability below the resistance at 1.5880.

Stochastic reach below 50 level will increase the chances for gathering the negative momentum, to ease the mission of reaching below the support at 1.5525, then begin targeting the negative stations near 1.5385 and 1.5220.

The expected trading range for today is between 1.5525 and 1.5650

Trend forecast: Bearish

Natural gas prices haven’t moved anything since yesterday’s trading, to repeat forming sideways trading near $3.710, reinforcing the chances for renewing the negative attempts that depend on the stability of the resistance at $3.87.

We recommend waiting for breaking the initial support at $3.600, reinforcing the chances for forming strong bearish waves, to target $3.450 and $3.320 level, while breaching the resistance and holding above it will confirm its move to the bullish track by its rally to $3.960 initially.

The expected trading range for today is between $3.550 and $3.800

Trend forecast: Bearish

The EURJPY pair ended yesterday’s trading positively, due to its repeated stability above 163.35 level, attacking the initial barrier near 163.85, which represents one of the keys to regain the bullish bias in the near and medium period trading.

The price needs a new positive momentum, assisting to reinforce the chances for forming more of the bullish waves, to begin targeting bullish stations by its rally towards 164.85 and 165.35, while the price return to fluctuate below 163.35 will force it to activate the bearish correctional track before reaching any on the suggested positive stations.

The expected trading range for today is between 163.50 and 164.85

Trend forecast: Bullish