The price of (gold) witnessed fluctuated trading on its last intraday levels, attempting to offload its overbought conditions on the relative strength indicators, especially with the emergence of its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside trend line, this performance represents a healthy signal for reinforcing the stability of the positive trend.
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The price of (EURUSD) declined in its last intraday trading, to settle again below 1.1690, amid the continuation of the negative pressure due to its trading below EMA50, which prevents the price recovery many times, under the dominance of the bearish corrective trend on the short-term basis and its trading alongside trend line, besides the emergence of the negative signals on the relative strength indicators, after reaching overbought levels.
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The CADJPY succeeded in activating the bullish attack by its rally above the extra resistance at 106.90, to notice its rally towards the initial main target at 108.00, to settle near it.
By the above image, we notice stochastic rally towards 80 level, providing extra positive momentum to increase the chances of surpassing the current barrier to record new gains that might begin at 108.40 reaching 38.2%Fibonaci correction level at 109.25.
The expected trading range for today is between 107.55 and 108.40
Trend forecast: Bullish
Natural gas price continued to provide mixed trading, affected by the contradiction between stochastic negativity and its positive stability above the support of the bullish channel towards $3.310.
Noting that gathering the positive momentum is important to form a new bullish rally to renew the pressure on the barrier at $3.610, and surpassing it will open the way for recording new gains that might begin at $3.710 and $3.830, while facing new negative pressures, and reaching below the current support will force the price to suffer some losses by reaching $3.240 and $3.120.
The expected trading range for today is between $3.350 and $3.610
Trend forecast: Bullish