The EURUSD price declined in its last intraday trading, affected by the stability of the resistance at 1.1420, attempting to gain positive momentum that might assist it to breach this resistance, besides its attempt to surpass the negative pressure of the EMA50.
The CADJPY formed a main bearish channel in the last period trading, to notice the stability of the moving average 55 near the resistance at 105.20, to increase the efficiency of the negative attack, to settle near 102.80.
By the above image, we notice the trading stability below 61.8%Fibonacci correction level at 103.45, to form an extra barrier against the negative trading, to begin preferring targeting new negative stations by the price decline towards 102.10 and 101.35.
The expected trading range for today is between 102.10 and 103.10
Trend forecast: Bearish
Natural gas price succeeded in taking advantage of the positive factors that are represented by the continuation of forming a key support at $2.960, besides providing positive momentum by stochastic, to notice its stability near the initial positive target at $3.360.
We expect renewing the bullish attempts to achieve extra gains that might extend towards $3.480, then wait to attack the moving average 55 near $3.600, which represents the next main target for the near trading.
The expected trading range for today is between $3.250 and $3.480
Trend forecast: Bullish
The EURJPY pair lost its positive momentum yesterday, reaching below 163.25 level, forcing it to delay the bullish rally, to settle near the moving average 55 at 161.90, forming a new extra support.
The price stability above the current support makes us expect begin forming bullish waves, to renew the attempts to breach the barrier at 163.25, which forms confirmation key for the previously suggested positivity, to target 164.20 and 164.90.
The expected trading range for today is between 161.85 and 163.25
Trend forecast: Bullish