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The GBPUSD forecast update 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

The GBPUSD price attempted to break 1.2415$ but it returns to consolidate above it, to keep the bullish trend scenario valid for today, which depends on the price stability above this level, supported by the EMA50 that carries the price from below, reminding you that our main waited target is located at 1.2605$.

 

The expected trading range for today is between 1.2350$ support and 1.2510$ resistance

 

Trend forecast: Bullish

The EURUSD price forecast update - 04-02-2025

Economies.com
2025-02-04 10:12AM UTC

The EURUSD price shows new positive trades to attempt to move away from 1.0325$ level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our main waited target is located at 1.0455$, while breaking 1.0325$ will stop the suggested bullish wave and push the price to turn to decline.

 

The expected trading range for today is between 1.0240$ support and 1.0410$ resistance

 

Trend forecast: Bullish

The NZDCAD activates the negative track – Forecast today – 4-2-2025

Economies.com
2025-02-04 05:21AM UTC

The NZDCAD price started to form strong negative waves after facing 0.8235 resistance line recently, to notice forming negative decline and settling near 0.8100.

 

The consolidation of the MA55 below the mentioned resistance and stochastic attempt to provide the negative momentum allow us to expect falling under new negative pressures to continue declining until reaching 50% Fibonacci correction level at 0.8035.

 

The expected trading range for today is between 0.8035 and 0.8140

 

Trend forecast: Bearish

Natural gas price touches the first target – Forecast today – 4-2-2025

Economies.com
2025-02-04 05:20AM UTC

Natural gas price touched the target at 3.420$ followed by forming mixed trades in order to gather the required additional positive momentum to resume the bullish attempts.

 

We assure the importance of holding above 3.120$ support line to expect renewing the pressure on 3.420$ level soon, while surpassing it will push the price to record additional gains by rallying towards 3.530$ followed by reaching 3.700$ resistance line.

 

The expected trading range for today is between 3.210$ and 3.530$

 

Trend forecast: Bullish