The EURUSD pair rose during its recent intraday trading, amid its attempts to get rid of the negative pressure of EMA50, which will open the way for achieving new gains in the upcoming period, especially with the dominance of strong minor short-term bullish wave, with the beginning of forming positive divergence on the relative strength indicators, after reaching exaggerated oversold levels compared to the price move, with the emergence of positive signals from them.

The CADCHF provided new negative close below the moving average 55, which forms a strong barrier at 0.5720 to reinforce the dominance of the previously suggested bearish trend, to reach the initial target at 0.5655.

Stochastic attempt to provide negative momentum by approaching 20 level will increase the efficiency of the bearish scenario, to expect attacking the support at 0.5595 and surpassing it will confirm its move to a new bearish phase, to target 0.5540 and 0.5505.

The expected trading range for today is between 0.5640 and 0.5700

Trend forecast: Bearish

Natural gas prices are forced to form some sideways trading due to its stability below $3.150 barrier, besides the contradiction of the main indicators by the stability of the moving average 55 above the current trading as appears in the above image.

Reminding you that the stability above the main support at $2.620 makes us keep the bullish scenario in the near and medium period trading, to keep waiting for achieving the required breach, to open the way for recording clear gains by its rally towards $3.350 and $3.520.

The expected trading range for today is between $2.950 and $3.350

Trend forecast: Bullish

The EURJPY pair surrendered to the positivity of the main indicators, specifically, stochastic approach from 80 level, to force it delay the bearish corrective attempts and form some positive waves to settle near 185.10.

The current bullish rally will not form any threaten on the negative scenario, depending on the continuation of forming main barrier at 185.80, which makes us wait for gathering negative momentum again, to attack the obstacle near 184.30, where breaking it will extend the trading towards 183.50 reaching the main target at 182.75.

The expected trading range for today is between 184.30 and 185.40

Trend forecast: Bearish