The EURUSD price forecast update - 15-04-2024
EURUSD Price Analysis
Expected Scenario
- The EURUSD pair shows additional positive trades, indicating a potential recovery in the upcoming sessions.
- The positivity is influenced by stochastic indicators.
- Waiting for negative momentum to push the price to resume the bearish wave, with the next target at 1.0525$.
Expected Outcome
The price is expected to resume the bearish trend.
Expected Trading Range
Between the support at 1.0560$ and the resistance at 1.0720$.
Trend Forecast: Bearish
The CADCHF keeps the positivity – Forecast today – 15-4-2024
Scenarios and Trading Range
The CADCHF pair succeeded to get rid of the negative pressures and end the correctional bearish rebound by providing positive close above the bullish channel’s support line at 0.6600, forming some bullish waves by rallying towards 0.6645.
These factors along with stochastic positive momentum signals allow us to keep the bullish overview that might target some positive stations, staring at 0.6670 and 0.6710.
The expected trading range for today is between 0.6625 and 0.6675
Scenario Report
- Successful elimination of negative pressures.
- Positive close above bullish channel’s support line at 0.6600.
- Formation of bullish waves rallying towards 0.6645.
- Stochastic positive momentum signals.
- Bullish overview targeting 0.6670 and 0.6710 levels.
Natural gas price moves away from the barrier – Forecast today – 15-4-2024
Scenarios and Trading Range
Natural gas price formed some negative waves recently, to move away from 2.000$ barrier and confirm its affection by the domination of the bearish bias, due to the negative momentum coming by the major indicators.
These factors confirm the price preparation to form more negative attempts, to expect moving towards 1.650$ level soon, followed by repeating the pressure on the historical support 1.540$ that forms the key to detect the next main trend.
The expected trading range for today is between 1.880$ and 1.650$
Scenario Report
- Formation of negative waves, moving away from 2.000$ barrier.
- Confirmation of bearish bias by major indicators.
- Expectation of movement towards 1.650$ level.
- Repeating pressure on historical support at 1.540$.
- Key level to detect the next main trend.
The EURJPY ends the negative trades – Forecast today – 15-4-2024
Scenarios and Trading Range
The EURJPY pair achieved the negative targets on last Friday by touching 162.20 level, to form new support and manage to cover the losses by forming strong bullish rebound and touch 163.85 level.
The price attempt to settle above the MA55 and getting positive momentum by stochastic confirm getting rid of the negative pressures, to start suggesting the bullish attempts for the upcoming period, which target 164.25 followed by 164.80 levels.
The expected trading range for today is between 163.40 and 164.25
Scenario Report
- Achievement of negative targets by touching 162.20 level.
- Formation of new support and strong bullish rebound.
- Settling above MA55 and gaining positive momentum.
- Bullish attempts targeting 164.25 and 164.80 levels.