The AUDCAD confirmed its surrender to the bearish correction bias by providing several negative closes below 0.9990, affected by stochastic exit from the overbought level, forming some bearish corrective waves, to settle near 0.9825.
Froming extra barrier at 0.9890 level and providing negative momentum makes us keep the bearish corrective scenario, to expect targeting 0.9790 level, to attack the support near 0.9730 which represents a confirmation key for the suggested trend in the upcoming trading.
The expected trading range for today is between 0.9790 and 0.9870
Trend forecast: Bearish
The EURJPY pair announced its surrender to the bearish trend dominance by reaching below the sideways trend’s support at 214.20 level, forming some bearish waves and reaching 183.50 level.
The continuation of providing negative momentum by the main indicators will increase the chances of resuming the negative attempts, to expect targeting 182.85 level, reaching the next support at 182.30, while the attempt of regaining the bullish trend requires forming a strong bullish rally, to settle above 185.50 level.
The expected trading range for today is between 182.85 and 184.20
Trend forecast: Bearish
The GBPJPY pair surrendered to the stability of the barrier at 214.50, to begin forming bearish trading by its stability below 213.50 level, announcing the continuation of the previously suggested bearish scenario.
The price needs an extra negative momentum, which allows it to provide a new negative close below 213.50 level, reinforcing the chances of resuming the bearish trend by reaching 212.45 reaching the initial main target at 211.80.
The expected trading range for today is between 211.80 and 213.70
Trend forecast: Bearish
Despite the weakness of the last trading of Platinum price, the stability near $1630.00 level, which confirms the stability of the previously suggested bearish scenario as there are several negative factors, such as forming a new extra barrier at 1745.00 level besides the continuation of providing negative momentum by the main indicators.
And that makes us wait for breaking $1605.00 level, opening the way for resuming the negative trend, to expect targeting $1565.00 and $1490.00 initially.
The expected trading range for today is between $1565.00 and $1700.00
Trend forecast: Bearish