Natural gas price hits the second target– Forecast today – 30-4-2025
Natural gas price formed a new bullish rally yesterday, recording the previously waited target at $3.472 level, then form a temporary correctional rebound to settle near $3.385.
By the above image, we notice stochastic attempt to reach the overbought level, to confirm the price surrender to the bullish scenario domination, to keep our bullish expectation until recording extra gains that might extend towards $3.540 and $3.610, note that holding above the extra support at $3.180 is important.
The expected trading range for today is between $3.280 and $3.540
Trend forecast: Bullish
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The EURJPY provides sideways trading– Forecast today – 30-4-2025
The EURJPY pair neediness to the continuous positive momentum led to provide new mixed trading, to settle near 162.00 level, waiting for a new signal for confirming the expect trend for the upcoming trading, the continuation of forming extra support for the moving average 55 at 161.40, while 163.25 level remains forming a strong obstacle against the attempts of regaining the bullish bias, we expect resuming forming sideways trading between the current main levels.
Note that the chances for activating the negative scenario increase gradually now, due to stochastic decline below 50 level and providing negative momentum, to expect breaking the extra support and suffering several losses by reaching 160.65 and 159.80.
The expected trading range for today is between 160.65 and 162.50
Trend forecast: Bearish
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The GBPJPY settles below the moving average– Forecast today – 30-4-2025
The GBPJPY pair remains affected by the negativity on the moving average 55 by forming an extra barrier at 191.55, which forces it to provide more of the sideways trading, to fluctuate near the support at 190.50.
Noting that stochastic exit from the overbought level might increase the negative pressures, which forces the price to break the current support, to confirm its return to the bearish track, to suffer several losses by reaching 189.70 and 188.60, while confirming the bullish scenario needs a clear breach to 191.55, and holding above it to begin achieving gains, which might be near 192.40 reaching 193.15.
The expected trading range for today is between 190.50 and 191.55
Trend forecast: Sideways
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Platinum price returns to the sideways trading– Forecast today – 30-4-2025
Platinum price returned to the sideways trading due to its decline below $983.00, affected by the contradiction between the main indicators, especially stochastic exit from the overbought level, which forces it to decline towards $975.00.
Note that forming lower top that the previous tops reinforces forming a new bearish track, to expect attacking the moving average 55 at $961.00, then attempts to press on the extra support at $950.00, while providing a positive close above $1000.00 level will confirm its move to the bullish track again.
The expected trading range for today is between $961.00 and $990.00
Trend forecast: Bearish
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