The CADCHF continued surpassing the last negative pressures by providing a new positive close above the support at 0.5780, attempting to reduce the effect of the bearish scenario that depends on the main stability within the main bearish channel’s levels that appear in the above image.

Stochastic approach from 20 level confirms surpassing the negative pressures, providing chances for gathering the required positive momentum to activate the attempts of reducing the losses by its rally near 0.5870, then repeats the attempts of surpassing the barrier at 0.5915, while the price decline below the current support and providing negative close will force it to suffer extra losses that might begin at 0.5720 reaching the next support near 0.5655.

The expected trading range for today is between 0.5780 and 0.5870

Trend forecast: Bullish

No change on the Natural gas price’s track, despite its rally towards $2.830 due to its stability below the main resistance at $3.150, and stochastic reach to the overbought level confirms surpassing the temporary positive pressures, providing a new chance for receiving the required negative momentum to renew the pressure on the barrier at $2.620, and breaking it will extend the losses towards the next main target at $2.390.

The expected trading range for today is between $2.620 and $2.900

Trend forecast: Bearish

The EURJPY pair remains affected by the dominance of the sideways bias until this momentum, due to the continuation of the contradiction between stochastic negativity by its reach below 50 level and the stability within the main bullish levels, besides the stability of the moving average 55 near the support of the channel at 168.85.

Reminding you that the continuation of forming extra support at 170.45 level supports our bullish expectation by confirming its stability within the bullish track, therefore, we will keep waiting for gathering the positive momentum, to ease the mission of pressing on the barrier at 173.40, then begin targeting the main stations near 174.10 and 175.20.

The expected trading range for today is between 171.25 and 173.40

Trend forecast: Bullish

The GBPJPY pair provided weak sideways trading, but its stability above the extra support at 197.85 assist to confirm the suggested positive continuation, to notice its fluctuation since morning near 199.00.

Note that providing positive momentum by stochastic will increase the efficiency of the bullish track, to keep our expectation of targeting 200.30 level, and surpassing it will extend the trading towards the positive stations near 200.80 and 201.55.

The expected trading range for today is between 198.20 and 200.80

Trend forecast: Bullish