Morgan Stanley’s stock price (MS) extended its losses in the intraday levels, amid negative signals from the RSI, while seeking a bottom to bounce it higher anew, as it also gathers positive momentum, thus leaning on the support of the 50-day SMA, and also leaning on the upward secondary trend line in the short term. 

Therefore we expect the stock to return higher, targeting the resistance of $142.00, provided the support of $127.66 holds on.

Trend forecast for today: Likely Bullish

The EURCHF price faced the negative pressures recently to notice providing frequent positive closings above the additional support at 0.9380, to rally above the MA55 again by touching 0.9385.

Also, stochastic attempt to provide the positive momentum will increase the chances of forming new bullish waves to attempt to target more positive stations that start at 0.9440 and 0.9470 levels.

The expected trading range for today is between 0.9380 and 0.9440

Trend forecast: Bullish

Despite natural gas price stability above the minor bullish channel’s support line at 3.950$, the lack of the positive momentum pushed the price to form correctional negative rebound to settle near 4.040$ now.

We expect the price to witness instability until gathering the positive momentum to reinforce the chances of achieving some gains by rallying towards 4.300$ followed by surpassing the recently recorded high at 4.500$.

The expected trading range for today is between 4.000$ and 4.300$

Trend forecast: Bullish

The EURJPY pair formed some negative waves on last Friday by targeting 155.80 level, to confirm its surrender to the domination of the previously suggested bearish bias, while the contradiction between the major indicators might force the price to form some sideways trades until gathering the additional negative momentum to ease the mission of breaking 155.35 level and reach the additional negative stations at 154.45 and 153.60.

On the other hand, rallying above 158.90 and settling above it confirms postponing the negative attack to start forming correctional bullish waves to target 160.00 and 160.80 levels before any attempt to reach the additional negative stations.

The expected trading range for today is between 155.35 and 157.60

Trend forecast: Bearish