The price of (EURUSD) rose in its last intraday trading, affected by its leaning on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, besides the emergence of positive signals on the relative strength indicators, after reaching oversold levels previously.
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The AUDCAD confirmed the continuation of the bullish track by providing positive closes above the support level at 0.9110, taking advantage of the stability of moving average 55 below it, to form a new bullish rally to settle near 0.9180.
MoreNatural gas price continued forming negative trading, reaching below $3.940 to confirm moving towards the previously suggested negative track, noting that the contradiction between the main indicators might force the price to provide new mixed trading until reaching the negative target at $3.520.
MoreThe EURJPY pair began with clear negativity this morning, by forming a new corrective decline by targeting 183.75 level, due to providing negative momentum by stochastic by reaching below 50 level, besides forming extra barrier at 184.40 level.
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