The EURUSD pair witnessed fluctuated trading at its last intraday levels, affected by the positive signals that comes from the relative strength indicators, after forming positive divergence that helps the price to settle against the negative pressures that are represented by surpassing bullish corrective channel’s range that limited its previous trading on the short-term basis, and it surpassed EMA50, intensifying the negative pressure in the near upcoming period.

The EURNZD continued providing negative closes below the barrier at 2.0206, forming some bearish waves, attempting to settle below %50 Fibonacci correction level at 2.0060 to confirm its readiness to activate the negative trend by reaching 1.9980.

Gathering extra negative momentum makes us expect to attack the moving average 55 near 1.9910 and surpassing it will confirm the continuation of the negative scenario by targeting extra negative stations that might begin at 1.9865 and 1.9795. 

The expected trading range for today is between 1.9910 and 2.0060

Trend forecast: Bearish

Natural gas price remains affected by the dominance of the temporary sideways trend, due to the contradiction of the main indicators in the last period, however the stability below the barrier at $3.520 confirms its surrender to the bearish scenario, fluctuating below the moving average 55 by its stability near $3.250.

The price needs a new negative momentum to support attacking the barrier at $3.150, where surpassing it will open the way for targeting more negative stations by reaching $2.920 followed by the support at $2.620, while surpassing the mentioned barrier and holding above it will confirm its move to the bullish trend again, to expect recording several gains by its rally to $3.710.

The expected trading range for today is between $2.920 and $3.300

Trend forecast: Bearish

Despite forming mixed sideways trading, the EURJPY pair’s stability above the support level at 184.10 supports activating the previously suggested bullish trend, to settle near 185.35 level.

Note that providing positive momentum by the main indicators will reinforce the chances of attacking the barrier at 185.85, to confirm the importance of surpassing it to open the way for recording extra gains that might extend in the initial resistance at 186.20 and 186.60. 

The expected trading range for today is between 184.60 and 185.85

Trend forecast: Bullish