EURUSD Price Analysis

Expected Scenario

• The EURUSD price hovers around the EMA50 since morning, noticing that stochastic gets rid of its negative momentum clearly, waiting to motivate the price to resume the expected bullish trend for today, which its targets begin by breaching 1.0840$ to open the way to head towards 1.0915$.
• Holding above 1.0795$ is important to the continuation of the expected rise, as breaking it will push the price to return to the correctional bearish track again.

Expected Trading Range

Between 1.0730$ support and 1.0900$ resistance.

CHFJPY Price Analysis

Expected Scenario

• The CHFJPY price returned to settle above 175.25 level, which forms the additional support against the positive trades, to notice recording some gains by reaching 175.75.
• Also, stochastic provides the positive momentum to reinforce the chances of resuming the bullish attack, waiting to target 176.10 soon, followed by reaching the next main target at 176.45.

Expected Trading Range

Between 175.35 and 176.10.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price formed some sideways trades yesterday by settling near 3.100$ and postponing the bullish rally, affected by stochastic exit from the overbought areas.
• In general, the bullish overview will remain valid as long as 3.850$ support remains intact, in addition to 3.960$ level forming additional support, thus, we will keep waiting to gather the positive momentum again to manage to surpass 3.2000$ and reach the next target at 3.5000$.

Expected Trading Range

Between 3.050$ and 3.200$.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair succeeded to gather the positive momentum again, forming strong bullish waves to achieve clear gains by reaching 170.15.
• We expect to form additional support at 169.45, which increases the chances of forming new bullish waves, also, stochastic continues to provide the positive momentum to ease the mission of targeting 170.45 followed by reaching 170.88 recorded high.

Expected Trading Range

Between 169.65 and 170.45.