Gold keeps declining in recent intraday sessions to break$4,200 support, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, besides the continuation of the negative signals emergence from the relative strength indicators, despite reaching oversold levels, as a signals for the strength of the dominance selling powers on the price.

The AUDCAD confirmed its surrender to the dominance of the bearish corrective trend by its stability below the resistance at 0.9980, forming several bearish corrective waves and approaching the initial target at 0.9775.

We will depend of forming extra barrier at 0.9855 level, note that the continuation of providing negative momentum by stochastic will provide a chance to gather more gains by forming new bearish corrective waves, to target 0.9745 level reaching 0.9685 support.

The expected trading range for today is between 0.9745 and 0.9820

Trend forecast: Bearish

The EURJPY pair benefited from the main indicators’ positivity, keeping their stability above 184.25 support, forming several bullish waves, achieving the initial targets by reaching 185.45.

The positive factors support the chances of resuming the bullish trend by surpassing 185.50 level, reaching 186.00 barrier and surpassing it will ease the mission of reaching new positive stations that begin at 186.65, while the decline below extra support and providing negative close will force it to activate the bearish corrective track, which forces it to suffer several losses by reaching 183.55 and 182.70.

The expected trading range for today is between 184.70 and 185.80

Trend forecast: Bullish

The GBPJPY pair returned to settle near 214.50 level, affected by the attempt of providing bullish momentum by the main indicators, to delay the bearish corrective attempts temporarily, facing positive momentum will ease the mission of breaching the current barrier, to begin targeting some bullish stations by its rally towards the resistance at 215.50.

While the failure of the breach and holding below 214.50 will increase the chances of activating the corrective attempts, to target 213.50 level initially, attempting to break the barrier at 212.80 to find an exit for resuming the negative trend in the near and medium period trading.

The expected trading range for today is between 214.00 and 215.20

Trend forecast: Bullish