GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price shows more bearish bias, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that our targets begin at 1.2580$ and extend to 1.2480$ after breaking the previous level, while achieving them requires holding below 1.2700$.

Expected Trading Range

Between 1.2560$ support and 1.2700$ resistance.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price keeps declining to surpass the EMA50 and confirm the continuation of the domination of the bearish trend for the rest of the day, waiting to visit 1.0675$ as a first station, noting that breaking this level will push the price to 1.0600$ as a next main target.
• In general, the bearish trend scenario will remain valid and active for the upcoming session unless the price rallied to breach 1.0760$ and hold above it.

Expected Trading Range

Between 1.0650$ support and 1.0800$ resistance.

CADCHF Price Analysis

Expected Scenario

• The CADCHF price formed a new bullish rally to surpass the 0.6563 barrier and settle above it, confirming its preparation to resume the bullish attack by targeting the 0.5690 level.
• The current negative rebound hints at a lack of positive momentum, suggesting waiting for the required momentum from stochastic to increase the efficiency of the bullish track. Additional gains are anticipated, potentially starting at 0.6625 and reaching 0.6670 on a medium-term basis.

Expected Trading Range

Between 0.6565 and 0.6625.

Natural Gas Price Analysis

Expected Scenario

• Natural gas price confirmed its surrender to the domination of the correctional bearish track by providing a new close below the $2.780 barrier, crawling towards the MA55 at $2.470, recording the first awaited target as per our previous report.
• Stochastic's continuous fluctuation within the oversold areas will increase negative pressures, potentially facilitating the formation of new bearish waves to test the $2.370 support line. Monitoring its behavior will help determine the next targets.

Expected Trading Range

Between $2.550 and $2.370.