Forecast update for Ethereum-02-05-2025
Ethereum price (ETHUSD) declined on the intraday levels, attempting to gains positive momentum that might assist the price to recover and rise again, to succeed in offloading its overbought conditions on the (RSI), amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside bias line, with the continuation of the dynamic support by its trading above the EMA50.
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The CADCHF resumes the rise– Forecast today – 2-5-2025
The CADCHF succeeded in activating the bullish track again by surpassing 61.8%Fibonacci correction level at 174.45, to notice recording clear gains by reaching 175.72.
The continuation of forming extra support and providing positive momentum by the main indicators, which will increase the chances for recording new gains, to expect reaching 176.10, and surpassing this barrier will make the price succeed to press on %78.1Fibonacci correction level at 176.85.
The expected trading range for today is between 174.90 and 176.10
Trend forecast: Bullish
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Natural gas price faces difficulty to rise– Forecast today – 2-5-2025
Natural gas price attempted to renew the bullish attempts by its rally yesterday towards $3.550, but providing negative momentum by the main indicators, specifically stochastic exit from the overbought level, which pushed it to return to $3.440, easing the way for activating the bearish correctional track.
Therefore, we will begin preferring the bearish scenario, confirming that holding below the barrier at $3.600, reinforcing the chances for reaching $3.330 then targeting $3.210.
The expected trading range for today is between $3.330 and $3.520
Trend forecast: Bearish
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The EURJPY confirms the breach– Forecast today – 2-5-2025
The EURJPY pair formed a strong bullish wave, to confirm breaching the barrier at 163.25 and achieving clear gains by reaching 164.62, to approach from the initial resistance at 164.80 level.
The price might be forced to form some sideways trading until gaining the required extra positive momentum to surpass the current resistance, to ease the mission of recording extra momentum to surpass the current resistance , easing the mission of recording extra gains that begin at 165.25 and 165.80
The expected trading range for today is between 163.80 and 165.25
Trend forecast: Bullish
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