The EURUSD price shows new positive trades to test 1.0400$ level again, which urges caution from the upcoming trading, as continuing the rise and breaching 1.0420$ followed by 1.0475$ levels will stop the expected bearish trend for today and push the price to build bullish wave on the intraday basis, while the price needs to break 1.0333$ to confirm extending the bearish wave towards 1.0250$ as a next main target.

The expected trading range for today is between 1.0275$ support and 1.0420$ resistance

Trend forecast: Bearish

The NZDCAD price faced strong negative pressures recently to push it to form many bearish waves and break 0.8145 level that forms the neckline of the double top pattern, to notice suffering additional losses by touching 0.8090.

The frequent stability below the neckline and the continuous negative momentum coming by the major indicators confirm the price preparation to form new bearish waves, to attempt to target 0.8075 followed by reaching the next support at 0.8035.

The expected trading range for today is between 0.8075 and 0.8140

Trend forecast: Bearish

Natural gas price got new positive momentum yesterday caused by stochastic reach to the overbought areas, to manage to breach 3.570$ resistance and notice recording some additional gains by reaching 3.685$.

We assure the importance of providing new positive close above the breached resistance to reinforce the chances of forming new bullish rally in order to achieve more gains by moving towards 3.760$ and 3.880$ levels.

The expected trading range for today is between 3.570$ and 3.880$

Trend forecast: Bullish

The EURJPY pair renewed the bullish attempts yesterday to notice surpassing the bearish channel’s resistance line at 161.70, forming strong bullish rally and achieving many gains by touching 163.80 level.

The current negative rebound towards 162.40 forms attempts to gain profits before resuming the bullish attack, while the frequent stability above 161.60 level allows us to expect the beginning of forming bullish waves to target 163.20 level first, while confirming breaching it will extend trades towards 164.00 and 164.80 levels.

The expected trading range for today is between 161.85 and 163.20

Trend forecast: Bullish