CADCHF settles above the extra support at 0.5595, to begin forming bullish corrective waves, achieving some of the previously suggested gains by reaching 0.5765.
Despite the contradiction of the main indicators, stochastic rally above 50 level might motivate the price to resume the corrective attempts by surpassing 0.5780 level, to target extra positive stations that begin at 0.5830 reaching 0.5900 resistance.
The expected trading range for today is between 0.5685 and 0.5830
Trend forecast: Bullish
Natural gas prices ended the last bullish attempts by testing $3.450 barrier, to activate with the moving average 55 negativity, by its decline towards $3.050, to confirm the negative scenario until this moment.
The continuation of facing negative pressures will increase the chances of attacking $2.850 level, and surpassing it will confirm its readiness to resume the negative attempts, t reach the next support at $2.630.
The expected trading range for today is between $2.850 and $3.250
Trend forecast: Bearish
The EURJPY pair succeeded in activating with the main indicators positiveness by holding above 183.40 level, forming some bullish waves, to settle near the initial extra target at 184.00.
Providing positive trading by the main indicators might help it to breach %66.8 Fibonacci correction level at 184.25, to confirm its readiness to record extra gains that might extend towards 184.80 and 185.45, while the failure of the breach might force it to form intraday bearish waves, to target 184.00 and183.25 level.
The expected trading range for today is between 183.70 and 184.80
Trend forecast: Bullish
The GBPJPY pair began today’s trading with new positivity, due to its stability above 212.30 barrier, to begin recording some extra gains by its rally towards 212.75.
Providing additional positive close above the breached barrier is required to confirm its readiness to resume the bullish attack, reaching towards 213.65, and providing positive momentum might make it press on 214.20 barrier, while the failure to settle will force it to provide mixed trading, and there is a chance for a decline towards 210.50 to retest extra support before reaching any of the suggested positive stations.
The expected trading range for today is between 212.00 and 214.20
Trend forecast: Bullish