The price of EURUSD declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, attempting to gain bullish momentum that might help it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above EMA50, affected by exiting bearish corrective channel’s range that limited its previous trading on short-term basis.

Coffee price surrendered to the negative pressures by its stability below 377.20, activating the negativity of the main indicators by reaching 345.45.

The continuation of providing bearish momentum by the main indicators will push the price to provide strong pressure on the support base at 333.65 and breaking it will make us expect new bearish stations that might begin at 424.40 and 316.10.

The expected trading range for today is between 330.00 and 358.00

Trend forecast: Bearish

Natural gas price continued forming strong bullish waves since yesterday, to notice achieving the suggested targets by reaching $4.00 level, to reach the support of the broken bullish channel’s support, which represents a key resistance.

Noticing that stochastic begins to exit the oversold level, attempting to provide a new bullish momentum, to increase the chances of surpassing the current resistance, and its stability above this level will confirm its readiness to record new gains by its rally towards $4.185, while the failure to breach it will support the dominance of the sideways bias in the current trading, and there is a chance to retest $3.620 level before reaching extra bullish target.

The expected trading range for today is between $3.780 and $4.185

Trend forecast: Bullish

The EURJPY pair ended the bullish rally by achieving the previously suggested targets by reaching the top at 185.55, to form a strong obstacle against the attempts of resuming the bullish trend, to begin forming temporary corrective waves.

Noting that stochastic attempt to exit the overbought level might force the price to provide mixed trading, and there is a chance to decline towards 184.70, while breaching the top and holding above it will open the way for recording new gains that might extend towards 185.85 reaching 186.50.

The expected trading range for today is between 184.85 and 185.55

Trend forecast: Fluctuated within the bullish track