The price of (EURUSD) settled with slight gains in its recent intraday levels, taking advantage of the positive momentum that was gained after its lean on the support of its EMA50, accompanied with the beginning of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, yesterday’s sharp decline suggest changing the bullish trend on the short-term basis.
The EURGBP formed a new bullish rally yesterday, breaching a clear breach to the barrier at 0.8530, announcing its surrender to the bullish bias dominance , to achieve some extra gains by reaching 0.8558.
The unionism of the main indicators by providing positive momentum, we expect resuming the bullish attack, to target 0.8600 level then attempts to press on the extra barrier at 0.8630, forming the next main target for the bullish trading.
The expected trading range for today is between 0.8530 and 0.8600
Trend forecast: Bullish
Natural gas price confirmed its surrender to the bullish track dominance by forming a strong bullish rally, approaching from the resistance at $3.900, the continuation of the positivity is caused by the stability of the moving average 55 near the extra support at $3.600 besides providing extra positive momentum by stochastic by reaching overbought level.
And that makes us wait for breaching the current resistance and providing a positive close above it, which increases the chances for recording new gains that might extend towards $4.050 and $4.150.
The expected trading range for today is between $3.7480 and $4.050
Trend forecast: Bullish
The EURJPY pair recorded some extra gains by hitting 167.60 level, which forces it to form a temporary correctional rebound, affected by a stochastic attempt to exit the overbought level, providing chances for catching its breath and gathering the gains by reaching 166.70.
The price keeps providing mixed trading, but its repeated stability within the bullish channel’s levels and forming extra support at 166.00 level, so these factors make us keep the main bullish suggestion, which might target 168.00 level in the near period trading reaching the resistance level at 168.90.
The expected trading range for today is between 165.95 and 167.45
Trend forecast: Fluctuated within the bullish track