The price of gold declined in its last intraday trading, after offloading its oversold levels on relative strength indicators previously, affected by breaking minor bullish trend line on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of the price recovery on near-term basis. 

The price of EURUSD declined in its last intraday trading, with the emergence of negative signals from relative strength indicators, after forming negative divergence after reaching exaggerated overbought level compared to the price move, which increases the negative pressure, especially with the continuation of its trading below EMA50, affected by breaking main bullish trend line on short-term basis.

Coffee price continued forming strong bearish trading, affected by forming solid barrier at 330.00 level in the last trading, to notice reaching 283.00 to record the suggested targets in the previous reports.

Stochastic attempt to exit the oversold level might push the price to form mixed trading, but it will not affect the negative scenario, to expect reaching 275.80 level, and breaking it will open the way for reaching extra negative stations that might begin at 264.60 and 241.40.

The expected trading range for today is between 264.00 and 298.00 

Trend forecast: Bearish

No change on EURJPY pair’s bullish track, due to its stability above 180.80 support, attempting to record some gains by its rally towards 182.10, to provide some sideways trading due to the continuation of the main indicators’ contradiction.

The price success in gathering bullish momentum will ease the way for resuming the bullish attempts to target 182.60 and 183.35 level, while breaking the current support and holding below it will open the way for activating the negative trend again, and 180.10 level represents the initial target.

The expected trading range for today is between 181.00 and 182.60

Trend forecast: Bullish