The price of (EURUSD) rose in its last intraday trading, taking advantage of the positive signals that appear in the relative strength indicators, indicating an improvement in the supportive momentum for the price movement, amid the continuation of the pair’s attempts to reinforce its recovery after limited previous declines.
The price gets extra support from its stability above EMA50, reinforcing the continuation of the bullish corrective wave on the short-term basis, and raises the possibilities for completing the upside track in the upcoming sessions, if the price settled above this dynamic key support.
The CADJPY succeeded in providing new positive close above 38.2%Fibonacci corrective level at 109.30, to notice its rally to the upside and its stability near 110.00, confirming the main bullish scenario.
Stochastic approach from 80 level will provide extra bullish momentum, which makes us keep the bullish scenario, which might target extra stations that begin at 110.50 reaching 111.05.
The expected trading range for today is between 109.60 and 110.50
Trend forecast: Bullish
Natural gas price faced difficulty by surpassing $4.520 level, forming extra barrier against the bullish rally, which forced it to form some mixed trading by its stability near $4.380.
Reminding you that the stability of the trading within the main bullish channel’s levels that appear in the above image, besides forming extra support at $4.200 level, these factors make us keep the bullish suggestion, to repeat the attempts of breaching the current obstacle and recording extra gains that might begin at $4.750 reaching the near period at $4.910.
The expected trading range for today is between $4.200 and $4.520
Trend forecast: Fluctuated within the bullish track
The EURJPY pair faced new bullish pressure due to stochastic approach from the overbought level, to achieve some gains by its stability near 178.45.
Reminding you that activating the bullish attack requires surpassing 178.70 level and holding above it, to ease the mission of recording new gains that might begin at 179.40, while the failure of the breach will push it to form mixed trading, and there is a chance for gathering gains again by reaching 177.50 initially, reaching the extra support near 177.05.
The expected trading range for today is between 177.70 and 178.70
Trend forecast: Fluctuated within the bullish track