The price of (EURUSD) settled high in its last intraday trading, amid the attempt of recovering previous losses, at the same time, it attempts to offload some of its oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this track.
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The EURNZD succeeded in getting rid of the negative pressure, to end the bearish corrective track by providing new positive close above the extra support at 2.0050, forming bullish waves and its stability near 2.0115.
Note that the main stability within the bullish channel’s levels, and stochastic attempt to provide positive momentum will assist to confirm the bullish scenario, which might target 2.0215 and 2.0295.
The expected trading range for today is between 2.0070 and 2.0215
Trend forecast: Bullish
Natural gas prices were activated with the negative pressure yesterday, breaking the support at $3.320 level, to attack the moving average 55 near $3.220.
By the above image we notice stochastic reach the oversold level, to increase the chances of gathering the extra negative momentum, which makes us prefer more of the negative attempts that might target $3.050 and $2.940.
The expected trading range for today is between $3.050 and $3.320
Trend forecast: Bearish
The EURJPY pair confirmed its surrender to the dominance of the bearish corrective trend below 177.80 barrier, reaching towards 176.35 to begin gathering profits.
The continuation of the fluctuation below the mentioned barrier and stochastic attempt to exit the overbought level, makes us expect forming extra corrective waves to press on 175.85 level, then waiting for testing the extra support near 175.20.
The expected trading range for today is between 176.20 and 177.45
Trend forecast: Bearish