The price of gold experienced fluctuated moves in its last intraday trading, leaning on $5,000 main support, gaining bullish momentum especially with the price’s stability on EMA50’ support, which intensified the bullish momentum that helped it to rebound higher, amid the dominance of the main bullish trend on short-term basis, with its trading alongside supportive trend line for this track, reaching oversold levels by the relative strength indicators, exaggeratedly compared to the price move.

The price of EURUSD rose in its last intraday trading, due to the stability of 1.1900 support, gaining bullish momentum that helped it to achieve these gains, amid the dominance of the main bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending its gains on the near-term basis.

The CADCHF’s price begins forming sideways waves, taking advantage of forming a new support base at 0.5595 level, to reduce the effect of the negative scenario on the trading this period, activating with stochastic positivity by its rally towards 0.5680.

The stability above the extra support will reinforce the chances of gathering bullish momentum, to expect forming bullish corrective waves, to target 0.5710 level, then pressing on the next barrier at 0.5780, while its decline below the current support and providing negative close will force it to suffer new losses by reaching 0.5510 initially.

The expected trading range for today is between 0.5630 and 0.5710

Trend forecast: Bullish

Despite the EURJPY pair’s price being affected yesterday by the dominance of the sideways bias and providing mixed trading, but its stability above the bullish channel’s support at 182.20 represents a main factor to confirm the bullish scenario of the upcoming trading, therefore, we will keep waiting for gathering positive momentum, to ease the mission of surpassing the barrier at 184.00, then begin recording new gains by reaching 184.55 and 184.85.

Note that the price attempt to settle below the mentioned bullish support will cancel the bullish scenario, to expect forming bearish corrective waves, to target 181.55 and 180.40 initially.

The expected trading range for today is between 182.80 and 184.00

Trend forecast: Bullish