The price of (EURUSD) rose in its last intraday level, after approaching our morning suggested target at 1.1600, attempting to rise to recover some of the previous losses, and attempting to offload some of the clear oversold levels on the relative strength indicators, especially with the emergence of positive crossover, amid the dominance of the bearish corrective trend on the short-term basis and its trading alongside supportive trendline for the track.
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The GBPCHF ended the last trading by providing positive closes above the support at 1.0655 level, activating stochastic positivity by its stability near 1.0725, increasing the chances of activating the bullish attack in the near and medium period trading.
The continuation of the bullish attempts makes us expect to surpass 1.0755 level, then attack the barrier at 1.0805, forming a confirmation key for the main trend in the upcoming trading.
The expected trading range for today is between 1.0683 and 1.0770
Trend forecast: Bullish
Natural gas price formed bullish waves, to keep its stability above the bullish channel’s support at $3.310, activating with stochastic positivity and its stability near $3.510.
The unionism of providing positive momentum by the main indicators will increase the chances for surpassing the barrier at $3.610, to begin targeting several positive stations by its rally towards $3.710 reaching the next target near $3.830.
The expected trading range for today is between $3.420 and $3.610
Trend forecast: Bullish
The EURJPY pair got advantage of its repeated stability above the extra support at 175.20 level, activating with the main indicators’ positivity by forming a new bullish rally and achieving the suggested extra target by reaching 177.45.
Note that stochastic stability within the overbought level might force the price to provide temporary corrective trading until gathering extra positive momentum, to increase the chances of forming new bullish waves and achieving more historical gains by targeting 177.80 and 178.45 level.
The expected trading range for today is between 176.55 and 177.80
Trend forecast: Bullish