The EURUSD price provided temporary positive trades and returns to decline now, to keep the bearish trend scenario active for today, reminding you that our targets begin by breaking 1.0496$ to open the way to rally towards 1.0400$ as a next negative station.

The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 1.0600$ and holding with a daily close above it.

The expected trading range for today is between 1.0470$ support and 1.0610$ resistance

Trend forecast: Bearish

The CADCHF price repeated the negative fluctuation below the bearish channel’s resistance line at 0.6350, to notice its fluctuation near 0.6322 and settle below the MA55, to increase the chances of gathering the negative momentum now.

These factors allow us to expect forming negative pressures to press on 0.6285 obstacle, while breaking it will push the price to reach the main negative stations at 0.6250 and 0.6205$.

The expected trading range for today is between 0.6250 and 0.6330

Trend forecast: Bearish

Natural gas price succeeded to confirm breaching 3.030$ barrier, to notice forming strong bullish rally and surpass the previously waited targets by reaching 3.270$.

We will depend on 3.180$ level forming additional support, noting that getting more positive momentum will confirm targeting new positive stations by rallying towards 3.360$ followed by reaching 3.520$ on the medium-term basis.

The expected trading range for today is between 3.180$ and 3.360$

Trend forecast: Bullish

The EURJPY pair confirmed its surrender to the domination of the bearish bias by testing the minor bearish channel’s resistance line at 164.60 followed by forming strong decline to settle near the initial support at 163.25.

We expect to get more negative momentum by the major indicators to break the current support and open the way to target additional negative stations, expecting to move towards 162.75 as a first target, followed by reaching 162.15.

The expected trading range for today is between 162.75 and 164.00

Trend forecast: Bearish