The price of (EURUSD) rose in its recent intraday levels, attacking the critical resistance level at 1.1440, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the domination of the bullish correctional trend and its trading alongside a bias line, this rise came after the price success to offload its clear overbought condition on the (RSI), which make the positive signals return again, reinforcing the positive scenario.

The EURNZD failed to record any new positive target, due to the continuation of the contradiction between the main indicators, to notice its approach from the moving average 55 at 1.8810, reinforcing the stability of the bullish channel’s support at 1.8785.

Depending on the stability of the previously mentioned main support, we will keep waiting for positive momentum in the near period, to ease the mission of recording positive stations by its rally to 1.8960 initially, then attempt to press on the intraday obstacle at 1.9050.

The expected trading range for today is between 1.8860 and 1.8960

Trend forecast: Bullish

Natural gas price succeeded in confirming the dominance of the bearish bias by reaching below the moving average55 yesterday, to break the extra support at $3.600 as appears in the above image.

The unionism of the main indicators by providing negative momentum makes us expect providing new bearish trading, to target $3.450 level reaching the next target near $3.290, while regaining the bullish bias requires forming a strong bullish rally to surpass the resistance at $3.900.

The expected trading range for today is $3.450 and $3.600

Trend forecast: Bearish

The EURJPY pair took advantage of the repeated stability within the bullish channel’s levels, besides forming extra support at 164.80 level, achieving the initial target by hitting 165.80 level and holding near it.

The continuation of providing positive momentum by the main indicators will increase the chances for forming new bullish waves, attempting to reach 166.45 and surpassing this barrier will extend the trading towards 167.15, forming the next main target in the near term trading.

The expected trading range for today is between 165.00 and 166.45

Trend forecast: Bullish