Blackberry’s stock price (BB) kept rising in the intraday levels, amid the dominance of the upward short-term trend, with positive pressure from trading above the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels, and accompanied by a surge in trading volumes.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $5.75, provided the support of $4.35 holds on.
Trend forecast for today: Bullish
The AUDCAD price confirmed its surrender to the negative scenario by settling below 0.9115 resistance line and notice its crawl below the MA55 recently and targeting 0.8940 level.
Stochastic continuous consolidation near 20 level will increase the negative pressures on the price, to keep our bearish overview that might target 0.8870 followed by reaching the next target at 0.8810.
The expected trading range for today is between 0.8870 and 0.9040
Trend forecast: Bearish
Natural gas price kept the bullish scenario by settling above the MA55 recently, to notice the frequent fluctuation near the first positive target at 3.430$, taking advantage of stochastic positive momentum signals.
We expect to form new bullish waves to attempt to reach the next target at 3.530$ followed by waiting the next close to manage to detect the medium-term targets.
The expected trading range for today is between 3.350$ and 3.530$
Trend forecast: Bullish
The EURJPY pair continue to form negative trades by crawling below 157.25 recently, to notice surpassing the negative target at 156.20 and suffering additional losses by touching 155.60 this morning.
The correctional bullish rebound towards 156.65 won’t affect the main bearish track that depends on 160.25 level forming the major barrier, also, the major indicators continue to provide the negative momentum to force the price to form new negative waves and target 155.10 followed by reaching the historical support at 154.40.
The expected trading range for today is between 155.10 and 157.30
Trend forecast: Bearish