The CADJPY kept providing negative trading, to remain stable below 61.8% Fibonacci correction level, which represents an extra barrier at 103.55, to notice by the above image, that it suffers clear losses by its stability near 101.50.
Notet that the main indicators unity by validating negative momentum, specifically reaching to 20 level, makes us prefer more of the negative trading, which might target 100.40 reaching 78.1% Fibonacci correction level at 99.45.
The expected trading range for today is between 100.40 and 102.40
Trend forecast: Bearish
This signal is provided by Best Trading Signal, and we are not responsible for any losses. This is for illustrative purposes only.
Natural gas price formed several bearish waves, to approach from the extra support at $2.960, to form a strong obstacle against the last negative attack by its rebound at $3.210.
The contradiction between the main indicators might lead the price to provide mixed sideways trading, while the repeated stability above the extra support will increase the chances for motivating the bullish track, to begin compensating some of the losses by its rally towards $3.360 reaching to the barrier near $3.580.
The expected trading range for today is between $3,100 and $3.360
Trend forecast: Bullish
The EURJPY pair continued to provide sideways trading, in spite of the repeated negative stability below the bearish channel’s resistance at 163.05, affected by the positivity of the moving average 55, which represents a strong obstacle by holding near 161.20.
Stochastic stability below 50 level and providing negative momentum, makes us expect the beginning of forming new bearish waves that reinforces the chances for reaching below the moving average 55, then begin targeting the negative stations near 160.35 reaching the next support at 159.55.
The expected trading range for today is between 160.35 and 162.40
Trend forecast: Bearish