There is no change on CADJPY’s track by its stability above 38.2%Fibonacci correction level at 109.30, forming a new bullish rally and its stability near 110.45.

Stochastic exit from the overbought level might force the price to provide some sideways trading until gathering the required positive momentum to reach the initial main target at 111.10 and surpassing it will open the way for achieving extra gains by its rally towards 111.60 and 112.00. 

The expected trading range for today is between 109.85 and 111.10

Trend forecast: Bullish

The (ETHUSD) price rose in its last trading on the intraday levels, to recover some previous losses, attempting at the same time to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, amid the dominance of the main bearish trend on the short-term basis and its trading alongside minor trend line that reinforces the dominance of this track, especially with continuous negative pressure due to its trading below EMA50, reducing the chances of the recovery on the near-term basis.

The (Brent) price declined in its last intraday trading, amid the dominance of the main bearish trend on the short-term basis and its trading alongside supportive trend line for this trend, with the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to surpass the support of its EMA50, to reinforce the chances of the price decline on the near-term basis.

Silver price settled low in its last intraday trading, affected by breaking minor bullish trend line on the short-term basis, accompanied by surpassing the support of its EMA50, intensifying the negative pressure on the price, which reinforces the chances of extending the losses in the upcoming period, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions.