The EURCAD price remains affected by the negative pressures, to move away from 1.6100 resistance, forming strong bearish waves, to achieve several negative targets by reaching 1.5620.

Forming extra barrier at 1.5870 level and stochastic attempt to provide negative momentum, we expect renewing the bearish attempts until reaching the next main target at 1.5520, facing the moving average 55, which might form a strong obstacle against the attempts of resuming the decline in the near trading.

The expected trading range for today is between 1.5520 and 1.5760

Trend forecast: Bearish

The EURJPY pair failed in resuming the bullish track, due to its fluctuation below 184.40 level, to form bearish wave to settle near 183.50 level.

The suggested scenario in near trading depends on the strength of the mentioned barrier, as its stability makes us expect forming bearish waves to attempt to reach 182.90 and 182.50, while the price rally above the barrier and providing positive close will increase the chances of forming extra gains, to expect its rally towards 184.80 and 185.45 directly.

The expected trading range for today is between 182.90 and 184.00

Trend forecast: Bearish

Platinum price provided new negative close below the initial resistance at $2245.00, to activate with stochastic negativity by forming some bearish waves, approaching the initial target at $2125.

The fluctuation below the moving average 55 will increase the chances of resuming the bearish attack, to expect providing new bearish pressure on $2125.00 level, and breaking it might extend the trading towards $2080.00 and $2040.00.

The expected trading range for today is between $2080.00 and $2195.00

Trend forecast: Bearish

Copper price repeatedly provided negative closes below $5.9700 barrier, confirming the continuation of the suggested bearish correction, to fluctuate near $5.7600.

Gathering negative momentum is important to motivate forming new bearish waves, to ease the mission of reaching towards the initial stations that are located near $5.6200 and $5.5100.

The expected trading range for today is between $5.6200 and $5.8200

Trend forecast: Bearish