The price of EURUSD declined in its last intraday trading, after reaching EA50’s resistance, which put it under negative pressure, accompanied by testing bearish corrective trend line on short-term basis, with the emergence of negative signals from relative strength indicators, after reaching overbought levels, surrendering to the negative pressures.

The GBPCAD succeeded in surpassing the temporary negative pressure by providing new bullish close above the bullish channel’s support at 1.8415, activating with stochastic positivity and recording some gains by reaching 1.8540 level.

The price needs to rally above the moving average 55 near 1.8550, to confirm its readiness to resume the main bullish trend, to expect targeting 1.8605 and 1.8665 initially.

The expected trading range for today is between 1.8455 and 1.8605

Trend forecast: Bullish

Natural gas price surrendered to the negative pressure that comes from providing negative momentum by the main indicators, reaching below the main support at $3.000, attempting to confirm its negative trend by its fluctuation near $2.920.

We expect to suffer extra losses by reaching $2.810, then attempt to reach the key support at $2.640 level, forming a key for reducing the losses by holding above it, while breaking this support will open the way for targeting new bearish waves that might begin at $2.440.

The expected trading range for today is between $2.700 and $3.100

Trend forecast: Bearish

The EURJPY pair formed strong bullish rally yesterday, taking advantage of providing bullish momentum by the main indicators, to reach 184.05 level, facing %61.8 Fibonacci correction level as appears in the above image.

The current level forms the key of detecting the suggested targets in the near and medium trading, the price success by surpassing this barrier and holding above it will allow it to form strong bullish waves by reaching 184.95 and 185.45, while holding below it might force it to provide corrective trading and there is chance for declining towards 182.75 before reaching any suggested extra targets.

The expected trading range for today is between 183.00 and 184.70

Trend forecast: Bullish