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The EURUSD price forecast update - 11-07-2024
The EURUSD price achieved initial breach to 1.0840$ level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, opening the way to head towards 1.0915$ that represents our next main target.
Holding above 1.0840$ now represents initial condition to the continuation of the expected rise, as breaking it might push the price to test the minor support base 1.0795$ initially before any new positive attempt.
The expected trading range for today is between 1.0760$ support and 1.0920$ resistance.
Trend forecast: Bullish
Natural gas price attempts negatively – Forecast today – 11-7-2024
Natural gas price shows new negative trades to attempt to move away from the bearish trend line that appears on the chart, reinforcing the expectations of continuing the bearish trend, which its targets begin by breaking 2.225 to rally towards 2.100$ direct.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 2.580$ and holding above it.
The expected trading range for today is between 2.200$ and 2.400$
Trend forecast: Bearish
The EURJPY keeps achieving the positive targets – Forecast today – 11-7-2024
The EURJPY pair rose again to succeed achieving our first extended target at 175.20, and we expect the continuation of the bullish bias to visit 176.00 that represents our next main target.
The bullish channel carries the price to achieve more expected rise in the upcoming period, noting that breaking 174.20 will stop the bullish trend and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 174.60 and 176.20
Trend forecast: Bullish
The GBPJPY approaches the target – Forecast today – 11-7-2024
The GBPJPY pair traded with strong positivity yesterday to reach the thresholds of 208.00 barrier, which supports the continuation of the expected bullish trend for the upcoming period, which targets 208.40 followed by 209.00 levels as next main stations.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the bullish trend, which will remain valid conditioned by the price stability above 206.60.
The expected trading range for today is between 207.20 and 209.00
Trend forecast: Bullish