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Forecast update for EURUSD -07-05-2026.

Economies.com
2026-05-07 10:34AM UTC

The EURUSD pair rose in its last intraday trading, with the beginning of positive overlapping signals emergence on the relative strength indicators, after offloading its overbought condition, opening the way for extending the gains in the near upcoming period, amid the continuation of the dynamic support that is represented by its trading above EMA50, with the dominance of the main bullish trend on short-term basis, and its trading alongside supportive trend line for this path.

 

 

The CADCHF surrenders to the negative pressure– Forecast today – 7-5-2026

Economies.com
2026-05-07 05:09AM UTC

The CADCHF kept its negative stability below the barrier at 0.5780, affected by stochastic negativity, forming some bearish waves, to settle below the moving average 55 by reaching 0.5700.

 

We expect forming a new bearish trend in the current period, to attempt to reach 0.5655 level, to repeat the pressure on the support at 0.5590, to find an exit for resuming the negative trend in the upcoming period trading.

 

The expected trading range for today is between 0.5650 and 0.5750

 

Trend forecast: Bearish

Natural gas price provides weak trading– Forecast today – 7-5-2026

Economies.com
2026-05-07 05:08AM UTC

Natural gas price provided some sideways trading due to the continuation of the contradiction of the main indicators, to keep its fluctuation near $2.750 level as appears in the above image, reminding you that the bearish scenario will remain valid if the trading settles below $3.200 resistance, which makes us wait for gathering the negative momentum to increase the chances of breaking the support at $2.620, to attempt to reach the extra negative stations near $2.390 and $2.250.

 

The expected trading range for today is between $2.620 and $2.920

 

Trend forecast: Sideways

 

 

 

The EURJPY delays the decline– Forecast today – 7-5-2026

Economies.com
2026-05-07 05:06AM UTC

The EURJPY pair reached %23.6 Fibonacci correction level at 182.00, to form strong support to provide chances for recovering some losses by its rally near 183.70 level.

 

In general, the bearish scenario will remain valid depending on forming main barrier by 185.45 level against the current trading, which makes us wait for gathering negative momentum, which allows it to renew the negative attempts that might target 182.80 level, to attempt to renew the pressure on 182.00 support, while breaching the main barrier and holding above it will confirm its move to a positive station, to begin targeting several positive stations by its rally towards 186.00 and 186.60.

 

The expected trading range for today is between 182.80 and 184.30

 

Trend forecast: Bearish