Gold price confirmed breaching the bearish channel’s resistance, showing new positive trades by today’s open, which leads the price to achieve more expected gains on the intraday and short term basis, on its way to visit 1765.00 as a next main target.

The EMA50 supports the suggested positive scenario, which will remain valid unless we witnessed clear break and hold below 1709.00.

The expected trading range for today is between 1715.00 support and 1760.00 resistance.

The expected trend for today: Bullish

The USDCAD pair faced new negative pressure to test the key support 1.2525, noticing that the price begins to rebound bullishly from there, accompanied by witnessing positive signals by stochastic, waiting to resume the recently suggested bullish trend scenario, which targets 1.2700 as a next main station.

On the other hand, we should note that breaking 1.2525 will stop the positive scenario and press on the price to return to the main bearish track again.

The expected trading range for today is between 1.2480 support and 1.2600 resistance.

The expected trend for today: Bullish

The USDJPY pair provided temporary negative trades yesterday to approach the bullish channel’s support line, noticing that the price begins today with clear rise to move away from the mentioned support, which keeps the bullish trend scenario valid and active for the upcoming period, supported by stochastic positivity that appears clearly now, waiting to breach 110.80 to confirm rallying towards our next main target at 111.70.

Therefore, we will keep our bullish overview that gets continuous support by the EMA50 conditioned by the price stability above 110.00.

The expected trading range for today is between 109.90 support and 111.00 resistance

The expected trend for today: Bullish

The GBPUSD pair provided positive trades in the previous sessions to return to the bullish channel that appears on the chart, noticing that the price completed forming double bottom pattern that formed positive motive to push the price to recover, which hints that we will witness more bullish bias in the upcoming period, and the positive targets begin at 1.4000 and extend to 1.4100.

The EMA50 supports the suggested bullish trend, which will remain valid unless breaking 1.3840 and holding below it.

The expected trading range for today is between 1.3820 support and 1.4000 resistance.

The expected trend for today: Bullish