The CADCHF provided positive signals by the attempt of holding above 0.5905, benefiting from the positive momentum that comes from the main indicators, specifically by stochastic stability within the overbought level as appears in the above image.
Providing a new positive close above the current barrier is required to reinforce the chances of targeting new positive stations that might extend to 0.5955 and 0.6005.
The expected trading range for today is between 0.5955 and 0.5900
Trend forecast: Bullish
Thanks for your feedback.
The EURJPY pair kept providing temporary sideways trading by holding near 175.80 level, attempting to face the intraday positivity of stochastic to reinforce the dominance of the bearish bias, which depends on the stability of the extra barrier at 177.80.
MoreThe GBPJPY pair didn’t move anything since yesterday, maintaining its sideways fluctuation near 210.10 level, keeping the negative scenario that depends on the stability of the resistance at 212.00.
MorePlatinum price remains affected by the contradiction of the main indicators, fluctuating near $1505.00 support. Providing a new positive close above the current support is required to increase the chances of forming bullish corrective waves, targeting 1580.00 and $1635.00 initially.
More