The price of (EURUSD) continued the rise in its recent intraday levels, to succeed in breaching the critical resistance at 1.1600, supported by its continued trading above EMA50, and under the domination of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of the negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the gains temporarily due to its neediness to offload the overbought condition.
CADCHF succeeded in reaching the initial negative target at 0.5910, taking advantage of the negative factors that are represented by the main stability within the bearish channel’s levels, besides the continuation of forming 0.6010 level, a strong barrier against the last trading.
Note that the continuation of providing negative momentum by the main indicators will increase the chances of resuming the negative attack, expecting reaching 0.5855, attempting to press on the next support near 0.5785, which represents the next main target of the current trading.
The expected trading range for today is between 0.5855 and 0.5950
Trend forecast: Bearish
Natural gas price resumed the attempts of gathering gains by forming new bearish correctional waves by reaching below the extra support at $3.830, reaching below the moving average 55 near 100%Fibonacci correctional level at $3.620.
The price remains until this moment, settled with buying levels that depend on forming a new support base at the $3.480 level, therefore, we will keep waiting to gather positive momentum that will allow it to form bullish waves, to target $3.830 and $3.950 levels.
The expected trading range for today is between $3.580 and $3.830
Trend forecast: Bullish
The EURJPY pair continued the rise to reach the resistance of the targeted bullish channel’s resistance at 169.70 level, which explains the direct correctional rebound towards 168.80, despite the attempts of providing mixed sideways trading, and there is a chance to activate the attempts of gathering gains by reaching 168.05.
While the price success in breaching the resistance and providing a positive close above it, will confirm its move to a new positive station, to begin recording new gains by its rally to 170.40 initially reaching the next barrier near 171.60.
The expected trading range for today is between 168.30 and 169.80
Trend forecast: Fluctuated within the bullish track