EURUSD Price Analysis

Expected Scenario

• The EURUSD price trades with clear positivity to test the minor resistance 1.0720$, which urges caution from the upcoming trading, as continuing the rise and breaching this level will lead the price to achieve additional gains and head towards 1.0795$ as a next positive station.
• Until now, the bearish trend scenario still valid conditioned by the price stability below 1.0720$, supported by stochastic loss to the positive momentum, reminding you that our targets begin by breaking 1.0675$ to open the way to head towards 1.0600$ mainly.

Expected Trading Range

Between 1.0610$ support and 1.0760$ resistance.

EURCAD Price Analysis

Expected Scenario

• The EURCAD price activated the correctional bearish attack after facing strong negative pressures, which pushed it to crawl below 1.4705 support line, affected by the MA55 negativity, to notice reaching 1.4615.
• Now, stochastic crawl towards the oversold areas will increase the negative pressures to expect crawling towards 1.4565 followed by reaching the main support at 1.4510.

Expected Trading Range

Between 1.4680 and 1.4580.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price kept its stability within the minor bullish channel to form new sideways fluctuation by settling near 2.850$, affected by stochastic fluctuation near 50 level that contradicts the MA55 rally towards the key support at 2.410$.
• The sideways trades might continue temporarily until succeeding to gain the additional positive momentum, to manage to activate the bullish track, reminding you that the initial targets are located near 3.150$ and 3.500$.

Expected Trading Range

Between 2.750$ and 3.150$.

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair took advantage of the frequent positive stability within the bullish channel in addition to the MA55 forming additional support by fluctuating near 169.40, forming some additional bullish waves to target key barrier by reaching 170.90.
• Note that it is important to surpass the current barrier and hold above it to confirm its preparation to resume the bullish attempts that might target 171.60 recorded high initially, while surpassing it will push the price to 172.20 as a next main target, while failing to breach the barrier will increase the chances of activating the correctional bearish track again that might target 170.10 and 169.70 levels soon before reaching any new positive target.

Expected Trading Range

Between 170.00 and 171.60.