GBPUSD Price Analysis

Expected Scenario

• The GBPUSD price bounced downwards clearly after the rise witnessed in the previous sessions, approaching the first negative target at 1.2480$.
• We suggest breaking this level to target 1.2385$ areas as the next main stations, to keep the bearish trend valid and active for the upcoming sessions conditioned by the price stability below 1.2580$.

Expected Trading Range

Between the support at 1.2465$ and the resistance at 1.2610$.

EURUSD Price Analysis

Expected Scenario

• The EURUSD price shows calm negative trades, attempting to move away from the 1.0795$ level.
• This reinforces the expectations of continuing the bearish trend for the rest of the day, with the way open to achieve the first target at 1.0715$.
• Breaking it will extend the bearish wave to reach 1.0615$, while holding below 1.0795$ represents the key condition to the continuation of the expected decline.

Expected Trading Range

Between the support at 1.0700$ and the resistance at 1.0840$.

AUDCAD Price Analysis

Expected Scenario

• The AUDCAD price formed some correctional bearish waves after reaching 0.9075 level recently, affected by stochastic exit from the overbought areas, to suffer some intraday losses by touching 0.9010 level.
• Note that the current negative rebound won’t affect the main bullish track as long as 0.8925 level continues to form the key support, also, 0.8990 level forms additional support to allow us to wait to gather the positive momentum and ease the mission of renewing the bullish attempts that might target 0.9130 followed by 0.9180 levels.

Expected Trading Range

Between 0.9000 and 0.9080

Natural Gas Price Analysis

Expected Scenario

• Natural gas price succeeded to activate the bullish track again by settling frequently above the additional support at 2.200$, forming new bullish wave to settle near the first additional target at 2.420$.
• Stochastic attempt to crawl towards the overbought areas will increase the efficiency of the bullish track by providing the positive momentum, to keep our bullish overview that might target the next barrier at 2.520$ soon.

Expected Trading Range

Between 2.330$ and 2.520$