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.

Reminding you that the bearish scenario will remain valid, depending on forming an extension for the initial resistance at $3.150, to keep waiting for breaking the current support and holding below it, reinforcing the chances of reaching the extra negative stations that are located near $2.390 and $2.250.

The expected trading range for today is between $2.390 and $2.820

Trend forecast: Bearish

The 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.

Stochastic approach from 50 level we expect renewing the corrective attempts, to reach 186.00 and 185.75, while renewing the bullish attempts requires stepping above 187.50 and providing a daily close above it, to confirm targeting new positive stations that might begin at 188.35 and 188.80.

The expected trading range for today is between 186.00 and 187.20

Trend forecast: Bearish

The 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.

The stability above the current support will provide a chance for renewing the bullish attempts by its rally initially towards 215.10, and surpassing it might extend the trading towards 215.70, while the continuation of the negative pressures might force it to provide more corrective trading to reach the main support at 213.30.

The expected trading range for today is between 214.10 and 215.70

Trend forecast: Bullish