The CADCH suffered new bearish pressure, forcing it to break 100% Fibonacci extension level at 0.5780, crawling negatively to settle near 0.5715.

The negative factors that are represented by the main stability within the bearish channel’s levels that appear in the above image, and the continuation of providing negative momentum by the main indicators will increase the chances for suffering extra losses that might begin at 0.5655, while the price success by surpassing 0.5780 level will allow it to form bullish correction wave, to begin recovering some losses by targeting 0.5835 and 0.5910 level.

The expected trading range for today is between 0.5750 and 0.5655

Trend forecast: Bearish

Natural gas price kept its negative stability below the critical resistance at $3.275, fluctuating below the moving average 55, to increase the chances of gathering the extra negative momentum.

Stochastic exit from the overbought level will increase the negative pressures, providing chance for attacking $3.060 level and breaking it will confirm regaining the bearish bias, opening the way for targeting several negative stations by reaching $2.820.

The expected trading range for today is between $3.050 and $3.220

Trend forecast: Bearish

The EURJPY pair didn’t succeed in reaching the extra positive stations, affected by its neediness to the positive momentum, which forces it to settle below the barrier at 175.20, forming correctional waves by its stability near 174.65.

We expect providing mixed trading due to stochastic attempt to exit the overbought level, but it didn’t affect the main bullish trend, due to the stability of the trading within the bullish channel levels, by forming 173.45 level as an important extra support, therefore, we recommend waiting for breaching the barrier, to open the way for reaching extra positive stations, that are located near 176.00 reaching 176.95.

The expected trading range for today is between 174.20 and 175.20

Trend forecast: Sideways 

The GBPJPY pair continued to provide slow sideways trading due to its fluctuation near the barrier at 200.45, forming a strong barrier against the attempts of activating the suggested bullish track.

While the unionism of providing positive momentum by the main indicators, the stability of stochastic stability above 50 level makes us wait for achieving the required breach, to open the way for reaching extra positive stations at 101.55 reaching 161.8%Fibonacci correction level near 202.40.

The expected trading range for today is between 199.20 and 201.55

Trend forecast: Bullish