The price of (EURUSD) returned to rise in its last intraday trading, after witnessing natural profit-taking phase during its early trading for today, offloading its overbought conditions on the relative strength indicators, gaining more positive momentum, amid the dominance of bullish corrective wave on the short-term basis, with its trading alongside supportive trend line for the stability of this track.
The CADJPY keeps the bullish scenario by its stability above the extra support at 109.30, attempting to form the flag pattern, which supports the chances for resuming the main bullish scenario.
Gathering bullish momentum is important for surpassing the barrier at 111.65 level, to expect forming a strong bullish rally to target 112.25 level initially, reaching the next main target at 112.90.
The expected trading range for today is between 110.90 and 112.20
Trend forecast: Bullish
Natural gas price continued forming bullish waves, taking advantage of its stability within the bullish channel’s levels, to form a solid support by %38.2 Fibonacci correction level at $4.500, to approach from the initial main target by reaching $5.052 level.
Stochastic stability within the overbought level will increase the efficiency of the bullish track, to pave the way for surpassing $5.180 level, to open the way for recording extra gains that might extend towards $5.250 and $5.710.
The expected trading range for today is between $4.950 and $5.450
Trend forecast: Bullish
Despite the positive factors in the last period, especially unionism between the main indicators besides the stability of the EURJPY pair’s price within the bullish channel’s levels, the continuation of forming extra barrier at 181.70 level reinforces the dominance of the sideways bias in the current trading.
Therefore, we will keep waiting for breaching the barrier and providing positive close above it to confirm its readiness to achieve new gains by its rally towards 182.35 initially, reaching the next main target near 183.05.
The expected trading range for today is between 180.65 and 182.35
Trend forecast: Bullish