The CADCHF provided new negative close below the moving average 55, which forms a strong barrier at 0.5720 to reinforce the dominance of the previously suggested bearish trend, to reach the initial target at 0.5655.

Stochastic attempt to provide negative momentum by approaching 20 level will increase the efficiency of the bearish scenario, to expect attacking the support at 0.5595 and surpassing it will confirm its move to a new bearish phase, to target 0.5540 and 0.5505.

The expected trading range for today is between 0.5640 and 0.5700

Trend forecast: Bearish

Natural gas prices are forced to form some sideways trading due to its stability below $3.150 barrier, besides the contradiction of the main indicators by the stability of the moving average 55 above the current trading as appears in the above image.

Reminding you that the stability above the main support at $2.620 makes us keep the bullish scenario in the near and medium period trading, to keep waiting for achieving the required breach, to open the way for recording clear gains by its rally towards $3.350 and $3.520.

The expected trading range for today is between $2.950 and $3.350

Trend forecast: Bullish

The EURJPY pair surrendered to the positivity of the main indicators, specifically, stochastic approach from 80 level, to force it delay the bearish corrective attempts and form some positive waves to settle near 185.10.

The current bullish rally will not form any threaten on the negative scenario, depending on the continuation of forming main barrier at 185.80, which makes us wait for gathering negative momentum again, to attack the obstacle near 184.30, where breaking it will extend the trading towards 183.50 reaching the main target at 182.75.

The expected trading range for today is between 184.30 and 185.40

Trend forecast: Bearish

The GBPJPY pair surpassed the dominance of the temporary sideways trend by forming new bullish waves, to attack the main barrier at 214.50, to settle near it as appears in the above image. The suggested scenario in the near and medium trading depends on the stability of the current barrier, to expect forming bearish corrective waves to target 213.50 initially, then attempts to press on 212.75 barrier.

While breaching the current barrier and holding above it will allow it to renew the bullish attempts, to begin targeting new bullish stations by its rally towards 215.10 and 215.70.

The expected trading range for today is between 213.50 and 214.50

Trend forecast: Bearish