The CADCHF confirmed the bullish scenario by providing repeated bullish closes above the support level of 0.5770, forming several bullish waves and recording clear gains by its stability near 0.5880.
The attempt to provide positive momentum by the main indicators makes us prefer more bullish attempts, which might target 0.5910 barrier, where surpassing it will confirm that the price will enter a new positive pace by its rally towards 0.5945 reaching 0.6000.
The expected trading range for today is between 0.5850 and 0.5910
Trend forecast: Bullish
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Natural gas price provided more of the mixed trading by reaching $2.750 level, keeping the positive stability above the support level at $2.620, as its stability reinforces the chances of activating the bullish trend in the near period.
MoreThe EURJPY pair kept its stability below the initial barrier that is represented by 209.45 level; however, the weakness of the last trading is caused by its neediness to the negative momentum due to stochastic exit from the oversold level as appears in the above image.
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