EURUSD Price Analysis

Expected Scenario

• The EURUSD price keeps declining to surpass the EMA50 and confirm the continuation of the domination of the bearish trend for the rest of the day, waiting to visit 1.0675$ as a first station, noting that breaking this level will push the price to 1.0600$ as a next main target.
• In general, the bearish trend scenario will remain valid and active for the upcoming session unless the price rallied to breach 1.0760$ and hold above it.

Expected Trading Range

Between 1.0650$ support and 1.0800$ resistance.

CADCHF Price Analysis

Expected Scenario

• The CADCHF price formed a new bullish rally to surpass the 0.6563 barrier and settle above it, confirming its preparation to resume the bullish attack by targeting the 0.5690 level.
• The current negative rebound hints at a lack of positive momentum, suggesting waiting for the required momentum from stochastic to increase the efficiency of the bullish track. Additional gains are anticipated, potentially starting at 0.6625 and reaching 0.6670 on a medium-term basis.

Expected Trading Range

Between 0.6565 and 0.6625.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price confirmed its surrender to the domination of the correctional bearish track by providing a new close below the $2.780 barrier, crawling towards the MA55 at $2.470, recording the first awaited target as per our previous report.
• Stochastic's continuous fluctuation within the oversold areas will increase negative pressures, potentially facilitating the formation of new bearish waves to test the $2.370 support line. Monitoring its behavior will help determine the next targets.

Expected Trading Range

Between $2.550 and $2.370.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair kept its positive stability, taking advantage of the 172.80 level forming additional support to notice recording the next target at 173.60 and settling near it, attempting to gather the required additional momentum to target the bullish channel’s resistance at 174.10.
• The risks of changing the bullish trend and starting the correctional bearish track will appear in case the price attempts to break 171.60 and hold below it. This would confirm the formation of strong bearish waves, with expectations targeting 171.15 initially, followed by potential pressure on the next support at 170.70.

Expected Trading Range

Between 172.80 and 174.15.