Despite providing positive momentum by stochastic, we notice the stability of CADCHF below 0.5780 level supports the dominance of the bearish track, fluctuating near the moving average 55 at 0.5720.
The main stability with the bearish channel’s levels makes us wait for gathering extra negative momentum, which supports renewing the bearish attempts by reaching 0.5650 initially, repeating the pressure on the main support at 0.5595.
The expected trading range for today is between 0.5650 and 0.5735
Trend forecast: Bearish
Natural gas prices remained stable until this moment above $2.620 support, affected by the contradiction of the main indicators, forming weak sideways trading.
MoreThe EURJPY pair surrendered to the contradiction of the main indicators by forming some bearish corrective waves, to gather some gains by reaching 186.30, to rally towards 186.90 to test the broken support.
MoreThe GBPJPY pair surrendered to stochastic negativity in Friday, forcing it to delay the bullish rally, forming bearish corrective waves, to test the initial support level at 214.19, to settle above it.
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