Gold price fluctuates around the EMA50, noticing that stochastic begins to provide negative overlapping signal now, waiting to motivate the price to resume the bearish bias to test 1797.00 as a first target, reminding you that breaking it will push the price to 1770.00 as a next negative target.

In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1825.15 and hold with a daily close above it.

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

The expected trend for today: Bearish

The USDCAD pair provides more positive trades to attempt to breach 1.2500 level, which urges caution from the upcoming trading, as confirming the stability above this level will lead the price to regain the bullish trend again and stop the bearish correction that dominates the recent trades.

Stochastic shows clear negative signals, while the EMA50 forms continuous negative pressure against the price, which encourages us to suggest the bearish bias for today and resume the decline towards 1.2407 as a first target, noting that breaching 1.2520 will lead the price to achieve more gains and visit 1.2615 initially.

The expected trading range for today is between 1.2440 support and 1.2570 resistance.

The expected trend for today: Bearish

The USDJPY pair managed to achieve our first waited target at 109.22 and attempts to break it, to continue suggesting the bearish trend for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to head towards 108.30 that represents our next main target.

The EMA50 keeps supporting the suggested bearish wave, noting that breaching 110.15 will stop the expected decline and lead the price to resume the main bullish trend again.

The expected trading range for today is between 108.50 support and 109.70 resistance

The expected trend for today: Bearish

The GBPUSD pair fluctuates around 1.3890 and attempts to consolidate above it, and stochastic continues to provide the positive signals, while the EMA50 attempts to protect the price from suffering more losses.

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1.4000, noting that breaking 1.3890 will cause intraday trend reversal to the downside to head towards visiting 1.3740 areas initially.

The expected trading range for today is between 1.3830 support and 1.3990 resistance.

The expected trend for today: Bullish