Despite the CADCHF pair’s forming some correctional bullish waves and settling near 0.7080, that won’t affect the main bearish track due to its consolidation below 0.7135 resistance in addition to the continuous negative momentum coming by the major indicators.
We expect to form strong bearish wave soon to press on 0.7040, while breaking it will start targeting new negative stations by moving towards 0.6995 and 0.6940.
The expected trading range for today is between 0.7100 and 0.7000
The expected trend for today: Bearish
Natural gas price repeated forming mixed trades affected by the contradiction of the major indicators, hinting postponing the bullish attack by consolidating below 7.650.
We expect the price to move between the additional support at 6.750 and 7.650 resistance by forming solid obstacle against the bullish attempts, reminding you that succeeding to achieve the required breach will allow it to reach the positive targets 8.100 and 8.450 levels.
The expected trading range for today is between 6.900 and 7.650
The expected trend for today: Sideways
The EURJPY pair repeated its fluctuation within the temporary sideways track represented by 143.80 support and 145.65 resistance, also, the contradiction between the major indicators confirms surrendering to the domination of the sideways bias, which allows us to stay neutral and wait to surpass one of the mentioned levels.
Note that resuming the bullish rally requires getting positive close above 145.65 to ease the mission of achieving the positive stations at 146.20 and 147.10, while crawling below the current support and getting negative close will force it to form correctional bearish wave to suffer some losses and crawl towards 142.70 followed by reaching the bullish channel’s support line at 141.90.
The expected trading range for today is between 144.00 and 145.65
The expected trend for today: Neutral
The GBPJPY pair repeated forming mixed trades recently affected by the contradiction of stochastic against the main stability within the bullish channel and 166.80 level forming the additional support.
Note that resuming the bullish attack requires gathering new positive momentum to manage to surpass 168.35 and open the way to target new positive stations that might start at 169.40 and 170.20.
The expected trading range for today is between 167.35 and 169.40
The expected trend for today: Bullish