The CADCHF ended the bullish correctional rebound by providing negative close below 0.6020 barrier, activating the negative attempts by reaching the support at 0.5785.

Note that the stability of the price within the bearish channel’s levels and providing negative momentum by the main indicators will increase the chances for breaking the current support, which allows it to resume the negative attack by reaching 0.5735 reaching the next main target at 0.5655.

The expected trading range for today is between 0.5735 and 0.5830

Trend forecast: Bearish

The EURJPY pair reached 171.10 level, then formed some mixed trading, to keep its negative stability below 172.00 level, forming extra barrier against the bearish correctional attempts.

The continuation of providing negative momentum by stochastic confirms the price readiness to form more of the bearish correctional trading, to keep waiting for attacking 170.40 level, then attempts to break the barrier at 169.80 to resume the attempts of gathering the gains in the near and medium period.

The expected trading range for today is between 170.45 and 172.10

Trend forecast: Bearish

The GBPJPY pair confirmed its surrender to the bearish correctional bias domination by breaking 198.80 level, forming more of the bearish waves and achieving the second target by hitting 197.85 level.

Forming extra barrier at 198.80 level and stochastic attempt to provide negative momentum by its approach from 20 level, these factors supports the continuation of the negativity, to expect to attack 197.40, and breaking it will extend the losses towards 196.50 reaching the moving average 55 near 196.00.

The expected trading range for today is between 197.40 and 198.80

Trend forecast: Bearish

Platinum price surpassed some of the negative pressures by stochastic rally to 80 level, keeping its stability above the support of the sideways track that is represented by $1302.00, to rally to the moving average 55, which reinforces the stability of the barrier at $1342.00.

We will remain neutral, to keep waiting for surpassing one of the main levels to confirm the expected trend in the near and medium period, breaching the barrier will open the way for achieving more of the gains by the price rally to $1365.00 and $1382.00, while breaking the support and holding below it will activate bearish correctional track, and $1281.00 level represents the initial negative target for the bearish track.

The expected trading range for today is between $1302.00 and $1342.00

Trend forecast: Neutral