The (EURUSD) rose in its latest intraday trading, taking advantage of the continued dynamic support due to its trading above EMA50, which reinforces the stability and stability of the bullish corrective trend on short-term basis, with its trading alongside supportive main and minor trend lines on the short-term basis, noticing the emergence of positive overlapping signals from the relative strength indicators, after offloading its overbought conditions, opening the way for extending the gains in the upcoming period.
The CADJPY ended the bullish corrective rally by facing a strong barrier at 210.65, as it represents %100 Fibonacci extension level, forcing it to form sideways trading by its stability near 201.40.
The stability below the current barrier and stochastic attempt to provide negative momentum will increase the chances of forming bearish waves, to attempt to reach 200.70 and 200.25, while breaching the barrier will ease the mission of recording extra gains that might extend towards 212.20 initially.
The expected trading range for today is between 200.70 and 201.60
Trend forecast: Bearish
Natural gas price continued forming negative momentum in the last period, affected by the negative pressure, approaching $2.620 support level, which formed the suggested target in the previous report.
Noting that breaking this support and holding below it will confirm its move to a new negative phase, to expect suffering extra losses by targeting $2.390 and $2.250 level.
The expected trading range for today is between $2.390 and $2.820
Trend forecast: Bearish
The EURJPY pair stepped above the barrier of 215.45 level, announcing its move to the bullish trend, to record several gains by reaching 186.20.
Forming extra support at 184.80 level, noting that the continuation of providing positive momentum by the main indicators will provide strong chance for recording more gains, to reach 186.60, and surpassing it might extend the trading towards the next main target near 18.35.
The expected trading range for today is between 185.40 and 186.60
Trend forecast: Bullish