The price of (EURUSD) declined in its recent intraday levels, amid the dominance of bearish correctional wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive signals on the (RSI), which decelerated the last losses.

The CADJPY achieved clear breach of 50%Fibonacci correction level at 106.40, to confirm its readiness to resume the suggested main bullish trend, achieving clear gains by reaching 107.53.

Note that the continuation of the main indicators unionism by providing positive momentum and being above 106.60 will increase the efficiency of the bullish track, to prefer targeting 108.00 level reaching 108.45.

The expected trading range for today is between 107.00 and 108.00

Trend forecast: Bullish

Natural gas prices haven’t moved anything since yesterday’s trading, to notice providing repeated closes below the barrier that is represented by $3.600 level, to confirm its surrender to the suggested bearish correctional scenario by its fluctuation near $3.340 level.

Providing negative momentum by the main indicators will increase the chances for forming some negative trading, attempting to reach $3.205 then target the critical support at $3.050.

The expected trading range for today is between $3.050 and $3.450

Trend forecast: Bearish

The EURJPY pair began this morning with new positivity by surpassing the resistance of the bullish channel’s resistance at 171.70 level, recording some extra gains by holding near 172.25.

Note that stochastic stability within the overbought level might decelerate the chances of forming a strong bullish rally, but its repeated stability above 171.10 that attempts to form an extra support might assist to motivate the continuation of the positivity, to expect reaching to 172.85 followed by 161.8%Fibonacci extended level at 173.40

The expected trading range for today is between 171.50 and 171.85

Trend forecast: Bullish