|
The CADCHF Tests Support – Forecast today – 31-7-2026
The CADCHF pair touched the 0.5822 level during its latest bullish move. However, a lack of positive momentum prompted a temporary corrective pullback, leading the pair to test the support extending toward 0.5730, where it has managed to stabilize above it. We emphasize the importance of maintaining current trading above this support, as this would increase the chances of gathering positive momentum and subsequently initiating bullish waves targeting 0.5790, followed by further gains toward 0.5845.
On the other hand, a break below the support and sustained trading beneath it would force the pair to postpone its bullish move and suffer further losses toward 0.5720 and 0.5690, before any attempt to achieve the previously suggested positive targets.
The expected trading range for today is between 0.5735 and 0.5790
Trend forecast: Bullish
Thanks for your feedback.
Natural Gas Price Awaits a Support Break – Forecast today – 31-7-2026
Natural gas price ended its latest bearish move after touching $2.650, approaching the key support level at $2.620, before forming an intraday rebound and stabilizing around $2.770, supported by the Stochastic indicator’s attempt to exit the oversold zone, as shown in the attached chart.
MoreThe EURJPY Exits Its Uptrend – Forecast today – 31-7-2026
The EURJPY pair maintained its sideways movement below the resistance barrier at 187.40 during yesterday’s trading before reacting to the negative economic data. This led to a sharp bearish move, as the pair slipped below the ascending channel support at 185.65, suffering significant losses and reaching 182.45, before quickly rebounding to stabilize around 184.75.
MoreThe GBPJPY Suffers Heavy Losses – Forecast today – 31-7-2026
The GBPJPY pair came under strong negative pressure during yesterday’s trading after touching the resistance barrier at 218.65, forcing the pair to launch a sharp bearish move and suffer significant losses, reaching 212.25, before rebounding to retest the broken support level, which has now turned into resistance at 216.35.
More