The EURUSD price forecast update - 02-04-2024
Economies.com
2024-04-02 09:40AM UTC
EURUSD Price Forecast
The EURUSD price didn’t show any strong move since morning, to remain stable around 1.0740$ level, thus, no change to the expected bearish trend scenario for today, which its next target located at 1.0645$.
- We remind you that the continuation of the bearish wave depends on the price stability below 1.0765$, as breaching it represents the key to start recovery attempts and achieve gains that reach 1.0860$ initially.
The expected trading range for today is between 1.0650$ support and 1.0800$ resistance.
Trend Forecast
Bearish
The GBPCAD continues to decline – Forecast today – 2-4-2024
Economies.com
2024-04-02 05:46AM UTC
Analysis of GBPCAD Pair Movement
- The GBPCAD pair continued to form strong negative waves, affected by the stability of 1.7122 resistance, confirming its surrender to the domination of the bearish bias by declining below the MA55 and fluctuating near 1.7030.
- Note that stochastic reach to the oversold areas will increase the negative pressures on the current trades, allowing us to keep the negative overview that might target new negative stations soon, starting from 1.6985 followed by 1.6935.
Expected Trading Range for Today
- The expected trading range for today is between 1.7050 and 1.6985
Trend forecast: Bearish
Natural gas price crawls upwards – Forecast today – 2-4-2024
Economies.com
2024-04-02 05:45AM UTC
Analysis of Natural Gas Price Movement
- Despite natural gas price frequent consolidation within the sideways track, and the continuous contradiction between the major indicators, rallying above 1.810$ level supports the chances of activating the bullish track again.
- Stochastic stability above 50 level allows us to expect starting to gather the positive momentum, to manage to renew the pressure on 2.000$ barrier, which surpassing it will confirm moving to the bullish track, to start targeting many positive stations that might start at 2.150$ and 2.250$.
Expected Trading Range for Today
- The expected trading range for today is between 1.750$ and 2.000$
Trend forecast: Bullish
The GBPJPY touches the first target – Forecast today – 2-4-2024
Economies.com
2024-04-02 05:44AM UTC
Analysis of GBPJPY Pair Movement
- The GBPJPY pair activated the correctional bearish attack recently due to the frequent stability below the additional barrier 192.40, to notice forming strong decline and settling near the first target at 190.15.
- We notice stochastic approach to 20 level to increase the negative pressures by providing the negative momentum, allowing us to keep the negative overview and wait to break 190.15 level to manage to reach the additional negative targets at 189.55 and 189.05.
Expected Trading Range for Today
- The expected trading range for today is between 190.65 and 189.55
Trend forecast: Bearish
Frequently asked questions
What is the price of EUR/USD today?
The price of EUR/USD is $1.1637 (2025-07-16 23:35PM UTC)