The price of (EURUSD) slides lower in its last intraday trading, amid the dominance of the bearish correctional trend and its trading alongside a bias line, with the emergence of the negative signals on the (RSI), reaching our morning target at 1.1145, representing 50%Fibonacci correction level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572)
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
CADCHF repeatedly provide weak sideways trading by its stability near 0.5985, keeping its main stability within the main bearish channel’s levels that appear in the above image.
Note that the stability of the extra barrier at 0.6025 confirms the bearish scenario continuation, to keep waiting for extra negative momentum gathering, then begin targeting negative stations by reaching 0.5910 followed by the next target at 0.5845.
The expected trading range for today is between 0.5910 and 0.6020
Trend forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Natural gas price kept its fluctuation near the extra barrier at $3.780 level, taking advantage of providing positive momentum by the stability of moving average 55 near $3.580, forming a new extra support, besides a stochastic reach to the overbought level.
All these factors make us expect to increase the chances of achieving the extra barrier, to open the way towards recording the suggested positive targets near $3.910 and $4.050.
The expected trading range for today is between $3.610 and $3.910
Trend forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Despite the last weak trading of the EURJPY pair, it success to settle above the breached barrier at 193.35 level represents a main factor for confirming the domination of the bullish track, to fluctuate near 193.85, attempting to ease the way towards more of the bullish waves.
Stochastic approach from 80 level will increase the chances of gathering the positive momentum, to keep waiting for recording the target near 164.20, then repeats the attempts of pressing on the resistance near 164.90, to form the next target of the near trading.
The expected trading range for today is between 163.30 and 164.90
Trend forecast: Bullish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.