EURUSD Price Analysis

Expected Scenario

• The EURUSD price finds solid support at the 1.0615$ level, showing some bullish bias now, affected by stochastic positivity.
• It might head to test the key resistance at 1.0715$ before declining again.

Outcome Description

Until now, the bearish trend scenario still active as long as the mentioned resistance remains intact, supported by the EMA50.

Breaking 1.0615$ is required to open the way to head towards our first awaited target at 1.0520$.

Expected Trading Range

Between 1.0520$ support and 1.0690$ resistance.

NZDCAD Pair Analysis

Expected Scenario

• The NZDCAD pair has confirmed its submission to bearish bias, with a recent close below the 0.8240 resistance line, influenced by additional negativity from the MA55 settling below the major resistance.
• The chart indicates a movement towards 0.8085, with expectations of testing the additional support at 0.8060. A breakthrough at this level would likely resume the negative momentum, targeting 0.8025 as the first station for the bearish trajectory, followed by 0.7975 in the medium term.

Expected Trading Range

Between 0.8135 support and 0.8030 resistance.

Natural Gas Price Analysis

Expected Scenario

• Despite intraday stochastic positivity, natural gas price remains negatively stable below the $2.000 barrier, signaling readiness to initiate new negative waves in the near and medium-term.
• New negative momentum is required to facilitate targeting the major support at $1.540. Breaching this support would likely lead to further decline towards the next negative stations at $2.220 and $2.090.

Expected Trading Range

Between $1.830 support and $1.540 resistance.

EURJPY Pair Analysis

Expected Scenario

• Despite strong negative pressures this morning due to global tensions, the EURJPY pair managed to close positively above the additional support at 163.75 and rallied towards 164.50, affirming the efficacy of the previously suggested bullish scenario.
• It is crucial to gather positive momentum to facilitate breaching the 164.80 obstacle, paving the way for reaching additional positive stations at 165.30 and 165.70.

Expected Trading Range

Between 164.00 support and 165.70 resistance.