Gold price didn’t show any strong move yesterday, as it continues to trade around 1960.00, which keeps the bearish trend scenario valid as it is without any change, waiting to visit 1945.20 mainly.
We remind you that breaking the targeted level will extend gold price losses to reach 1913.15 on the near-term basis, while breaching 1977.25 represents the key to resume the main bullish trend and head to achieve gains that reach 2000.00 followed by 2016.90.
The expected trading range for today is between 1945.00 support and 1977.00 resistance.
The expected trend for today: Bearish
The USDCAD pair is testing the key resistance 1.3205 and keeps its stability below it until now, noticing that stochastic is losing the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next targets located at 1.3090 followed by 1.3000.
The EMA50 forms negative pressure against the price to support the continuation of the expected bearish wave, reminding you that it is important to hold below 1.3205 to achieve the waited targets.
The expected trading range for today is between 1.3100 support and 1.3250 resistance.
The expected trend for today: Bearish
The USDJPY pair settles below 141.40 level, to fall under expected negative pressure in the upcoming sessions, targeting visiting 140.40 followed by 139.17 levels as main stations.
Therefore, the bearish bias will be suggested for today, depending on the price stability below 141.40, as breaching this level represents positive factor that will lead the price to resume the main bullish trend and achieve additional gains that reach 142.90.
The expected trading range for today is between 140.30 support and 141.80 resistance
The expected trend for today: Bearish
The GBPUSD pair managed to confirm breaching 1.2870 and build support base above it, reinforcing the expectations of continuing the bullish trend, which its next targets located at 1.2935 followed by 1.3010.
The technical indicators provide negative signals that might slow down the expected bullish wave, waiting to get positive motive that assist to push the price to achieve the waited targets, taking into consideration that breaking 1.2870 followed by 1.2805 levels will stop the expected rise and force the price to achieve additional bearish correction on the longer-term basis.
The expected trading range for today is between 1.2820 support and 1.2980 resistance.
The expected trend for today: Bullish