The price of (EURUSD) declined in its last intraday trading, affected by the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, despite its stability in oversold levels.
The CHFJPY formed bearish corrective waves after recording 198.40 level, to activate the attempts of gathering the gains, to notice its approach from the initial extra support at 195.75.
The stability above the current extra support and stochastic attempt to exit the oversold level will increase the chances of activating positively by recording some gains by rising towards 197.40, then attempting to press on the barrier at 198.80.
The expected trading range for today is between 195.85 and 197.40
Trend forecast: Bullish
Natural gas price repeatedly provided new bearish closes by its stability below $3.970 resistance, activating with stochastic negativity by attacking the moving average 55, which keeps forming a key obstacle at $3.450.
The continuation of the negative pressures makes us expect breaking the current barrier and begin forming new bearish waves, to target $3.165 level, then wait for targeting the next support near $2.950.
The expected trading range for today is between $3.165 and $3.620
Trend forecast: Bearish
The EURJPY pair succeeded in holding above 182.80 support, taking advantage of providing extra positive momentum by stochastic, to attack the barrier at 183.50 to find an exit for renewing the bullish attempts, waiting to achieve the breach and providing a positive close above it, to confirm targeting the positive stations near 183.85 and 184.15.
While the return to decline below the support line will force it to activate the negative scenario, which forced it to suffer big losses by reaching 182.30 initially.
The expected trading range for today is between 183.10 and 183.85
Trend forecast: Bullish