EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows calm negative trades, attempting to move away from the 1.0795$ level.
• This reinforces the expectations of continuing the bearish trend for the rest of the day, with the way open to achieve the first target at 1.0715$.
• Breaking it will extend the bearish wave to reach 1.0615$, while holding below 1.0795$ represents the key condition to the continuation of the expected decline.

Expected Trading Range

Between the support at 1.0700$ and the resistance at 1.0840$.

AUDCAD Price Analysis

Expected Scenario

• The AUDCAD price formed some correctional bearish waves after reaching 0.9075 level recently, affected by stochastic exit from the overbought areas, to suffer some intraday losses by touching 0.9010 level.
• Note that the current negative rebound won’t affect the main bullish track as long as 0.8925 level continues to form the key support, also, 0.8990 level forms additional support to allow us to wait to gather the positive momentum and ease the mission of renewing the bullish attempts that might target 0.9130 followed by 0.9180 levels.

Expected Trading Range

Between 0.9000 and 0.9080

Natural Gas Price Analysis

Expected Scenario

• Natural gas price succeeded to activate the bullish track again by settling frequently above the additional support at 2.200$, forming new bullish wave to settle near the first additional target at 2.420$.
• Stochastic attempt to crawl towards the overbought areas will increase the efficiency of the bullish track by providing the positive momentum, to keep our bullish overview that might target the next barrier at 2.520$ soon.

Expected Trading Range

Between 2.330$ and 2.520$

EURJPY Pair Analysis

Expected Scenario

• The EURJPY pair continued to form strong bullish waves since succeeding to surpass 166.50 level, to form new support against the bullish trades and notice achieving big gains recently by reaching 168.77, achieving the suggested targets in our previous report.
• The price might face some difficulty to resume the bullish attack due to 168.95 level forming additional barrier, to expect forming temporary sideways fluctuation until gathering the required additional positive momentum to achieve the breach followed by attempting to reach new stations that might start at 169.62 and 170.10.

Expected Trading Range

Between 168.30 and 168.80