The price of (EURUSD) declined in its last intraday trading, to settle below the critical support at 1.1575, indicating the dominance of the selling powers around the pair, this decline came despite the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, attempting to offload this oversold conditions without affecting the pair’s move, amid the dominance of the main bearish trend on the short-term basis and its trading alongside trend line.
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The CADCHF kept its stability within the bearish channel’s levels, affected by forming a strong barrier at 0.5910 level, reaching 0.5695 recently to record the suggested negative targets.
Stochastic fluctuation within the oversold level might increase the negative pressures in the current trading, to expect suffering extra losses by reaching 0.5655, reaching the next target at 0.5580.
The expected trading range for today is between 0.5655 and 0.5760
Trend forecast: Bearish
Natural gas price remains surrounded by several negative factors, reminding you that the main stability is below the resistance at $3.330 besides providing negative momentum by the main indicators, to provide strong negative pressure on the extra support at $3.050.
We expect breaking the current support to open the way for resuming the negative attack, to target $2.940 reaching the barrier near $2.820.
The expected trading range for today is between $2.820 and $3.160
Trend forecast: Bearish
The EURJPY pair continued providing temporary trading, affected by the stability of the barrier at 177.05 to reach 175.95 again, to announce delaying the bullish attack in the current period.
Stochastic reach below 50 level might force the price to provide more of the corrective trading, to test the extra support at 175.20 to confirm monitoring the price behavior, as monitoring the price behavior is important due to the importance of the support by detecting the expected targets in the near and medium period trading.
The expected trading range for today is between 175.20 and 176.50
Trend forecast: Fluctuated within the bullish track