|
Forecast update for EURUSD -31-07-2026
The EURUSD pair declined in its last intraday trading, to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, to gather its positive strength that might help it recover and rise again, amid the dominance of bullish corrective wave on the short-term basis, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the chances of near term recovery.
Thanks for your feedback.
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.
MoreNatural 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.
More