Gold price ended yesterday with strong positivity, settling above 1928.60 level, to head towards continue the rise on the intraday and short term basis, targeting 1960.00 followed by 2000.00 levels as next main stations.

The EMA50 supports the expected bullish wave, noting that breaking 1916.25 will stop the expected rise and press on the price to turn to decline.

The expected trading range for today is between 1920.00 support and 1960.00 resistance.

The expected trend for today: Bullish

The USDCAD pair tests the key resistance formed at 1.2725 and keeps its stability below it until now, and the EMA50 meets this resistance to add more strength to it, accompanied by witnessing negative signals through stochastic.

Therefore, these factors encourage us to continue suggesting the bearish trend, which targets 1.2590 as a next main station, while achieving it requires holding below 1.2725 and 1.2750 levels.

The expected trading range for today is between 1.2650 support and 1.2770 resistance.

The expected trend for today: Bearish

The USDJPY pair resumes its positive trading after testing 114.65 yesterday, supported by stochastic positivity, waiting for more rise to visit 115.75 followed by 116.35 levels as next main stations.

Holding above 114.65 is important to continue the bullish trend, as breaking it will press on the price to return to the correctional bearish trend again.

The expected trading range for today is between 114.60 support and 115.75 resistance

The expected trend for today: Bullish

The GBPUSD pair broke 1.3390 level strongly and reached 1.3310 direct, and by taking a deeper look at the chart, we find that the price completed forming bearish flag pattern that appears on the chart, to support the chances of breaking the last level and open the way to achieve more decline in the upcoming sessions.

Therefore, the bearish bias will be expected for today, and the next targets reach 1.3230 and 1.3175, noting that the continuation of the bearish wave depends on the price stability below 1.3390.

The expected trading range for today is between 1.3220 support and 1.3390 resistance.

The expected trend for today: Bearish