The AUDCHF pair exited the sideways range by gathering the additional negative momentum, to notice the beginning of forming strong negative trades and achieve some negative targets by reaching 0.6635.

We remind you that the bearish track depends on the stability of the major resistance at 0.7000, also, the moving average 55 forms additional barrier by settling near 0.6790, to increase the chances of gathering the negative momentum, waiting to achieve additional negative targets that might start at 0.6580 followed by reaching 23.6% Fibonacci correction level at 0.6515.

The expected trading range for today is between 0.6735 and 0.6580

The expected trend for today: Bearish

The Australian index lost the positive momentum, which pushed it to form new negative attack and crawl below the bullish channel’s support line at 7350.00, hinting moving to the bearish track and notice recording losses by reaching 7230.00.

The moving average 55 consolidation near the broken support confirms blocking trades within the bearish track, allowing us to suggest more negative attempts that might target 7120.00 level soon, while breaking this obstacle might extend losses towards 6920.00 in the medium term period.

The expected trading range for today is between 7360.00 and 7120.00

The expected trend for today: Bearish

IBEX index repeated the negative closings below 8980.00 resistance, to hinder the attempt to regain the bullish bias and increase the chances of forming strong negative waves as expected previously.

Stochastic exit from the oversold areas interprets the reasons of the current sideways fluctuation to keep waiting to gather the additional negative momentum and manage to decline towards the negative stations represented by 8620.00 followed by reaching 23.6% Fibonacci correction level at 8260.00.

The expected trading range for today is between 8950.00 and 8620.00

The expected trend for today: Bearish

Despite the new negative pressures that the EURJPY pair faced yesterday and declining towards 128.45, that won’t affect the bullish track, due to the frequent stability above the historical support at 128.05.

Therefore, we will keep waiting to gather the additional positive momentum to manage to start forming bullish waves and attempt to reach 129.45 followed by waiting to surpass 129.90 barrier in order to reinforce the domination of the bullish bias in the upcoming period.

The expected trading range for today is between 128.10 and 129.00

The expected trend for today: Bullish