The GBPUSD price shows additional positive trades to move above 1.2200$, waiting to get negative motive that pushes the price to resume the main bearish trend, which its next main target located at 1.2045$.
We remind you that breaking 1.2180$ will ease the mission to achieve the expected decline, while holding below 1.2300$ represents major condition to the continuation of the bearish trend.
The expected trading range for today is between 1.2120$ support and 1.2290$ resistance
Trend forecast: Bearish
The EURUSD price fluctuates around 1.0265$ level, noticing that stochastic reaches the overbought areas, waiting to motivate the price to decline again, to keep the bearish trend suggested for today unless breaching 1.0325$ and holding above it, noting that our targets begin by breaking 1.0220$ to open the way to head towards 1.0100$ as a next negative station.
The expected trading range for today is between 1.0165$ support and 1.0320$ resistance
Trend forecast: Bearish
The GBPCAD price surrendered to strong negative pressures recently to push it to settle below the bullish channel’s support line at 1.7605, suffering some losses by settling near 1.7545.
Forming new resistance at the broken support and the major indicators’ attempt to provide the additional negative momentum support the continuation of the negativity, to expect targeting 1.7470 and 1.7400 levels soon.
The expected trading range for today is between 1.7470 and 1.7580
Trend forecast: Bearish
Natural gas price lost the positive momentum yesterday to force it to fluctuate below the bullish channel’s resistance line at 4.300$, forming some negative correction by settling near 4.000$.
We expect to witness more mixed trades now until gathering new positive momentum to manage to hold above the additional support near 3.750$ followed by starting to form bullish waves to repeat the pressure on the resistance in order to find a way to resume the rise in the upcoming period.
The expected trading range for today is between 3.850$ and 4.200$
Trend forecast: Bullish