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The EURUSD price forecast update - 04-11-2024

Economies.com
2024-11-04 09:40AM UTC

The EURUSD price crawls upwards in attempt to reach our first waited target at 1.0930$, motivated by stochastic positivity that appears on the four hours’ time frame, waiting for more rise to surpass the mentioned level and visit 1.0985$ as a next main target, reminding you that the continuation of the bullish wave depends on the price stability above 1.0865$.

 

The expected trading range for today is between 1.0810$ support and 1.0970$ resistance

 

Trend forecast: Bullish

The GBPCHF awaits the positive momentum – Forecast today – 4-11-2024

Economies.com
2024-11-04 05:47AM UTC

The GBPCHF price failed to resume the bullish attack due to the lack of the positive momentum, to notice its fluctuation below 1.1290 barrier recently, suffering some losses by approaching the additional support at 1.1195.

 

The stability of the additional support line allows us to wait to gather the positive momentum to manage to renew the bullish attempts and ease the mission of surpassing 1.1295 barrier, to open the way to target new positive stations that might start at 1.1340 and 1.1380.

 

The expected trading range for today is between 1.1210 and 1.1340

 

Trend forecast: Bullish

Natural gas price tests the support – Forecast today – 4-11-2024

Economies.com
2024-11-04 05:47AM UTC

Natural gas price opened today by forming negative price gap, approaching the extended support at 2.550$ and settling above it as appears on the chart, while stochastic attempt to provide the positive momentum and settling above the current support line allow us to suggest the bullish track that might target 2.680$ and 2.830$ levels soon.

 

On the other hand, resuming the negative attack requires forming sharp decline to settle below the MA55 at 2.505$, to expect suffering additional losses by moving towards 2.420$ and 2.340$ levels.

 

The expected trading range for today is between 2.560$ and 2.680$

 

Trend forecast: Bullish

The GBPJPY hits the first target – Forecast today – 4-11-2024

Economies.com
2024-11-04 05:44AM UTC

The GBPJPY pair confirmed keeping the bullish scenario by forming new support base recently near 195.30, to notice rallying towards the first main target at 198.35 on last Friday followed by waiting to form temporary correctional rebound in order to gather more positive momentum.

 

The above chart shows the MA55 consolidation below the current price, to form additional support at 196.30 and allow us to keep the bullish overview until achieving additional gains by rallying towards 198.80 and 199.40 levels.

 

The expected trading range for today is between 196.70 and 198.80

 

Trend forecast: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1625 (2025-07-16 10:06AM UTC)