Gold prices traded with clear negativity yesterday and attempted to surpass 1900.00 barrier, but it returns to fluctuate near the key resistance 1913.15, noticing that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly.

Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday and short term basis, organized inside the bearish channel that appears on the chart, noting that we are waiting to visit 1873.50 as a next target, while holding below 1913.15 represents key condition to continue the expected decline.

The expected trading range for today is between 1890.00 support and 1915.00 resistance.

The expected trend for today: Bearish

The USDCAD pair traded positively yesterday to attempt to move away from 1.3205 level, reinforcing the expectations of continuing the intraday bullish trend, and we believe that the way is open to achieve our waited target at 1.3350.

Stochastic gains the positive momentum clearly and approaches the oversold areas, waiting to motivate the price to resume the positive trades, reminding you that it is important to hold above 1.3205 to continue the expected bullish wave.

The expected trading range for today is between 1.3190 support and 1.3330 resistance.

The expected trend for today: Bullish

The USDJPY pair provided new positive trades to achieve our waited extended target at 145.00, moving within intraday bullish channel that supports the chances of surpassing the mentioned level to open the way to continue the rise towards 146.10 areas.

Therefore, we will continue to suggest the bullish trend for the upcoming period, getting continuous support by the EMA50, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that breaking 144.10 will stop the bullish wave and put the price under correctional bearish pressure on the intraday basis.

The expected trading range for today is between 144.00 support and 145.60 resistance

The expected trend for today: Bullish

The GBPUSD pair resumed its negative trading to move away from 1.2640 level, reinforcing the expectations of continuing the correctional bearish trend, waiting to test 1.2580 followed by 1.2515 levels as next negative stations.

The negative effect of the double top pattern still active, and supports the continuation of the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2680 followed by 1.2720 levels.

The expected trading range for today is between 1.2530 support and 1.2690 resistance.

The expected trend for today: Bearish