Gold price opens today’s trading with bullish bias and attempts to surpass 1797.00 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting to head towards 1825.15 that represents our next main target.

The EMA50 continues to carry the price from below, while stochastic gains the positive momentum clearly, thus, we believe that the chances valid to achieve more gains in the upcoming sessions, noting that breaking 1790.00 might press on the price to visit 1770.00 areas before any new attempt to rise.

The expected trading range for today is between 1785.00 support and 1820.00 resistance.

The expected trend for today: Bullish

The USDCHF pair resumes its negative trades to approach our waited target at 0.9140, expecting to surpass this level to open the way to achieve more negative targets that reach 0.9060.

Therefore, the bearish trend scenario will remain valid and active for the upcoming period supported by the EMA50, noting that holding below 0.9200 is important to continue the expected decline.

The expected trading range for today is between 0.9100 support and 0.9180 resistance.

The expected trend for today: Bearish

The USDCAD pair opens today’s trading with bearish bias after testing the EMA50 in the previous sessions, which formed good resistance against the price, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 1.2230 mainly.

On the other hand, we should note that breaching 1.2365 – 1.2385 levels will stop the expected decline and lead the price to start recovery attempts on the intraday basis.

The expected trading range for today is between 1.2260 support and 1.2400 resistance.

The expected trend for today: Bearish

The USDJPY pair managed to achieve our waited target at 113.40 and bounced bullishly from there to head towards regaining the main bullish trend after the recent temporary bearish correction, expecting to witness more rise in the upcoming sessions, and the first main target is represented by testing the recently recoded top at 114.70.

Stochastic supports the expected rise, noting that breaking 113.40 will press on the price to achieve more bearish correction that its next target reaches 112.56.

The expected trading range for today is between 113.20 support and 114.40 resistance

The expected trend for today: Bullish