The price of gold settles on a rise in its last intraday trading, taking advantage of its trading alongside bullish corrective trend line on short-term basis, which led it to retest the key resistance at $5,200, accompanied by reaching EMA50’s resistance, intensifying the strength of this resistance, especially with the emergence of negative overlapping signals from the relative strength indicators, after reaching overbought levels, intensifying the negative pressure.

The price of EURUSD keeps its early gains for today, however it remains stable below the key resistance at 1.1650, accompanied by reaching EMA50’s resistance, intensifying the strength and dominance of this level as a resistance that detect the upcoming path on near-term basis, noticing the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.

Coffee price succeeded in holding above the support level at 275.90 in the last trading, activating with stochastic positivity by forming strong bullish rally to achieve the initial main target by reaching 301.20 level.

The contradiction between the main indicators might force the price to provide sideways trading, to keep waiting for surpassing 301.00 level, and holding above it to provide strong chance for recording extra gains that might begin at 307.40 and 315.80.

The expected trading range for today is between 289.80 and 307.40

Trend forecast: Bullish

Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.

 We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.

The expected trading range for today is between 182.70 and 184.00

Trend forecast: Bullish