The EURUSD pair shows new attempts to breach 1.2173 level, and stochastic continues to provide the positive signals on the four hours’ time frame, to continue suggesting the bullish trend for the rest of the day conditioned by the price stability above 1.2120, reminding you that our next target extends to 1.2300.
The expected trading range for today is between 1.2100 support and 1.2260 resistance.
The expected trend for today: Bullish
The AUDNZD pair activated the bearish track by providing frequent negative closings below 1.0801 barrier, to notice the beginning of recording the negative targets, approaching 1.0730 level.
Stochastic decline below 50 level will increase the negative pressures on the price, to expect moving towards 1.0695 that forms the second negative station of the bearish bias.
The expected trading range for today is between 1.0785 and 1.0700
The expected trend for today: Bearish
Natural gas formed correctional bearish trades recently after facing strong negative pressures, to settle near 2.810, while the continuous stability within the bullish channel and the strength of 2.530 support line support the continuation of the positivity for the upcoming period.
Also, the consolidation of the moving average 55 below the current trades confirms blocking the price within the bullish track, to keep waiting to gather the positive momentum and start recording additional positive targets by rallying towards 3.050 followed by 3.560.
The expected trading range for today is between 2.720 and 3.050
The expected trend for today: Bullish
Nikkei index was forced to start the correctional decline due to facing strong negative pressures, caused by stochastic reach to 20 level, noticing its stability below 30190.00, to form additional barrier against the recent trades.
Therefore, we expect targeting negative correctional levels that might start at 29230.00 followed by reaching the additional support near 28840.00 followed by monitoring the price behavior due to its importance to detect the next main trend.
The expected trading range for today is between 30100.00 and 29230.00
The expected trend for today: Bearish