The tight range keeps dominating the EURUSD price trades, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.0455$, supported by stochastic approach to the overbought areas, reminding you that our first main target is located at 1.0325$.

The expected trading range for today is between 1.0350$ support and 1.0500$ resistance

Trend forecast: Bearish

Coffee price continued to form bullish waves recently, taking advantage of its consolidation within the bullish channel and 347.10 level forming new support line, to notice achieving the first main target at 367.80.

We expect the domination of the sideways bias to provide mixed waves until breaching 367.80 to open the way to record new historical gains that might extend towards 376.00 followed by reaching the bullish channel’s support line at 383.20.

The expected trading range for today is between 355.00 and 376.00

Trend forecast: Bullish

Natural gas price formed temporary correctional bullish wave yesterday to fluctuate above 50% Fibonacci correction level at 3.130$, attempting to cover some previous losses to settle near 3.200$.

Note that the MA55 continues to form additional barrier at 3.260$, along with stochastic consolidation within the oversold areas, these factors support the domination of the bearish bias for the near-term and medium-term period, to keep waiting to form new negative waves and target 2.970$ followed by 2.840$ levels.

The expected trading range for today is between 2.970$ and 3.200$

Trend forecast: Bearish

The EURJPY pair surrendered to stochastic negativity yesterday, forming new negative waves to crawl below the sideways track’s support line at 161.60, to notice resuming the negative attempts this morning and settling near 160.80.

Now, the major indicators provide the negative momentum to increase the sharpness of the bearish track, to expect suffering additional losses by crawling below 160.90 level again and targeting the additional support at 160.20.

The expected trading range for today is between 160.20 and 162.10

Trend forecast: Bearish