Gold price opens today’s trading with new rise to move away from the bullish channel’s support line, reinforcing the expectations of continuing the main bullish trend, waiting to test 1903.50 that represents our first positive target, which breaching it represents the key to rally towards 1928.60 as a next station.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 that keeps carrying the price from below, noting that it is important to hold above 1875.00 to continue the expected rise.

The expected trading range for today is between 1870.00 support and 1905.00 resistance.

The expected trend for today: Bullish

The USDCAD pair traded with clear negativity yesterday to approach our first waited target at 1.2765, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, which its targets extend to 1.2688 after surpassing the previous level.

In general, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.2854.

The expected trading range for today is between 1.2720 support and 1.2854 resistance.

The expected trend for today: Bearish

The USDJPY pair resumed its negative trading clearly after confirming the stability below 103.65, to keep the bearish trend scenario valid and active in the upcoming period, and the way is open now to visit our next main target at 102.50.

Moving below the EMA50 supports the expected decline, which will remain valid unless breaching 103.65 and holding above it.

The expected trading range for today is between 102.65 support and 103.80 resistance

The expected trend for today: Bearish

The GBPUSD pair managed to surpass 1.3510 level and hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, opening the way to head towards our first positive target at 1.3624, which breaching it represents the key to rally towards 1.3760 as a next target.

The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1.3440.

The expected trading range for today is between 1.3460 support and 1.3630 resistance.

The expected trend for today: Bullish