The price of (Gold) rose in its last intraday trading, supported by the positive signals that comes from the (RSI), after reaching oversold levels, amid the dominance of the bullish correctional trend on the short-term basis and its trading alongside a bias line, besides the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances for the recovery and rising again.

The price of (EURUSD) witnessed calm moves in its recent intraday levels, settled above 1.1550 level, providing positive action amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive pressure that comes from its trading above EMA50, besides the emergence of positive overlapping signals on the (RSI) after reaching oversold levels, which increases the positive pressure around the price.

The CADJPY provided a positive signal by its rally above 50% Fibonacci correction level at 106.42, to record some of the intraday gains by hitting the 106.88 level.

Providing a new positive close above the breached barrier is important to reinforce the chances for activating with the positivity of the main indicators and begin achieving clear gains that might begin at 107.30 reaching 108.00, while the failure to confirm the breach will force it to delay the bullish attack, which forces it to decline again to 105.85 before hitting any new positive target.

The expected trading range for today is between 106.40 and 107.30

Trend forecast: Bullish

The EURJPY pair resumed the bullish attack by surpassing the barrier at 166.45, achieving the initial extra target at 167.25, forming sideways trading to catch its breath and gathering the extra positive momentum.

The stability of stochastic within the overbought level might force the price to provide some sideways trading, but the main stability within the bullish channel’s levels makes us keep the bullish suggestion, which might target 168.10 level reaching the bullish channel’s resistance at 168.90.

The expected trading range for today is between 166.70 and 168.00

Trend forecast: Bullish