The price of EURUSD settles on cautious gains in its last intraday trading, taking advantage of the positive signals from relative strength indicators, after reaching oversold levels, with its attempts to offload the oversold conditions, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis.

The CADCHF faced negative pressures in its last trading, to force it delay the attempt of activating the bullish corrective track, to notice retesting 0.5600 support to settle above it.

Providing bullish momentum by stochastic with increase the chances of forming new bullish waves, to expect targeting 0.5720 level, then attempts to press on 0.5785 barrier to find an exit to record extra gains in the upcoming period.

The expected trading range for today is between 0.5630 and 0.5720

Trend forecast: Bullish

Natural gas price surrendered to the main indicators negativity by providing new bearish pressures on the bullish channel’s support at $3.000 level as appears in the above image, the attempt of 3.520 level to form extra barrier might increase the chances of surrendering to the negative pressures, by breaking the current support, to confirm its move to bearish track by targeting several negative stations that might begin at $2.850 and $2.660.

We notice the continuation of stochastic fluctuation near 20 level, to increase the chances of gathering the required negative momentum to achieve the break then begin targeting the previously suggested negative stations.

The expected trading range for today is between $2.850 and $3.180

Trend forecast: Bearish

The EURJPY pair activated with the positive factors yesterday, achieving some targets by reaching 183.15 level, attempting to take a breather by its sideways fluctuation near 182.35.

Note that the bullish scenario will remain valid, depending on the stability of the support at 180.80, and providing bullish momentum by the main indicators will increase the chances of recording extra gains that might extend towards 183.40 reaching 61.88% Fibonacci corrective level at 184.05.

The expected trading range for today is between 181.80 and 184.05

Trend forecast: Bullish