The price of EURUSD settles on a decline in its last intraday trading, amid the dominance of steep bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis, on the other hand, we notice the emergence of positive overlapping signals from relative strength indicators after reaching oversold levels, reducing its last losses, to witness intraday fluctuations.

The CHFJPY closed the last bullish rally by recording the main target at 202.10, facing a %261.8 Fibonacci extension level, forming strong barrier against the bullish attempts in the current period, which forces it to form some bearish corrective waves, to settle near 201.45.

Note that the continuation of the stability below the current obstacle and stochastic reaching the overbought level will increase the chances of forming new corrective waves, to target 200.75 and 200.00 level, while breaching the barrier and holding above it will confirm its readiness to record new gains that might begin at 202.80.

The expected trading range for today is between 200.75 and 202.10

Trend forecast: Bearish 

Natural gas price began resisting the negative pressures due to stochastic stability below 50 level, attempting to settle above the bullish channel’s support at $3.050, to settle near the moving average 55 at $3.450 level.

The contradiction between the main indicators will force the price to provide mixed sideways trading, while its success in gaining bullish momentum will reinforce the chances of forming several bullish waves, attempting to reach $3.850 initially, then wait for surpassing the barrier at $4.000, to confirm its readiness to record new gains in the near and medium period.

The expected trading range for today is between $3.300 and $3.850

Trend forecast: Bullish

The EURJPY pair ended its last bullish rally by reaching 185.27 level, to settle below extra barrier at 185,45 level and forces it to provide weak sideways trading by its fluctuating near 184.85.

The positive factors begin by the main stability within the bullish channel’s levels, besides the main indicators attempt to provide bullish momentum makes us wait for surpassing the current barrier, and waiting for providing positive close above it, to reinforce the chances of recording new gains with a chance to decline towards 184.00, attempting to press on the bullish channel’s support at 183.10.

The expected trading range for today is between 184.30 and 186.20

Trend forecast: Bullish