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The EURUSD price forecast update - 05-11-2024

Economies.com
2024-11-05 09:20AM UTC

The EURUSD price resumes its positive trading calmly to move away from 1.0865$ level gradually, reinforcing the expectations of continuing the bullish trend for the rest of the day, motivated by the positive overlapping signal provided by stochastic now, reminding you that our waited targets start at 1.0930$ followed by 1.0985$, while achieving them requires holding above 1.0865$.

 

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

 

Trend forecast: Bullish

The CADJPY leans above the moving average – Forecast today – 5-11-2024

Economies.com
2024-11-05 05:49AM UTC

The CADJPY price took advantage of the MA55 consolidation near 109.15 support line to start forming bullish waves and settle near 109.75.

 

Also, stochastic begins to provide the positive momentum to increase the efficiency of the bullish track, to expect rallying towards 110.35 level soon, while surpassing this obstacle will push the price to achieve additional gains by moving towards 110.70 and 111.20 levels.

 

The expected trading range for today is between 109.20 and 110.35

 

Trend forecast: Bullish

Natural gas price achieves clear gains – Forecast today – 5-11-2024

Economies.com
2024-11-05 05:48AM UTC

Natural gas price took advantage of the frequent stability above 2.550$ support line to form strong bullish rally and surpass 2.780$ obstacle, to notice its consolidation near the second waited target at 2.830$.

 

The major indicators agree to provide the positive momentum to increase the sharpness of the bullish track, to expect resuming the bullish attack and target 2.930$ level soon, followed by attempting to press on 3.030$ barrier.

 

The expected trading range for today is between 2.780$ and 2.930$

 

 

Trend forecast: Bullish

The EURJPY moves slowly – Forecast today – 5-11-2024

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

The EURJPY pair provided slow trades recently by fluctuating near 165.80 without recording any new positive target, affected by stochastic negativity that contradicts the stability of the MA55 below 164.30 support line.

 

We expect to witness more sideways trades until gathering the positive momentum to ease the mission of reaching the positive stations that start at 166.35, while surpassing it might extend trades towards 166.90, and declining below 165.20 will force the price to postpone the bullish attack until testing the mentioned support line again before any attempt to record the positive targets.

 

The expected trading range for today is between 165.20 and 166.90

 

Trend forecast: Bullish

Frequently asked questions

What is the price of EUR/USD today?

The price of EUR/USD is $1.1563 (2025-08-01 23:35PM UTC)