Gold price rise stoped at the bearish correctional channel’s resistance that appears in the image, which makes the price begin boucing lower in a signal ti head to resume the bearish bias, where the price faced a negative pressure that comes from the EMA50 and stochastic, which makes us prefer witnessing negative trading in the upcoming sessions.

Our initial target is represnetd by testig 1447.00 level, and breaking this level will push the price to 1413.10 levels directly, being aware that breaching 1474.00 will push the price to visit 1489.00 level before any new negative attempt.

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

The expected trend for today: Bearish

The USDCAD pair opens today’s trading with a clear negativity to break the intraday bullish channel’s support and settles below it, which might push the price to test the initial support base at 1.3200 before it return to rise again, noticing that the EMA50 provides positive support for the price, while stochastic enters the oversold levels now.

Therefore, these factors encourage us to keep our bullish trend expectations, targeting visiting 1.3295 level initially, being aware that the continuation of the expected rise requires holding above 1.3155 level.

The expected trading range for today is between 1.3155 support and 1.3300 resistance.

The expected trend for today: Bullish

The USDJPY pair attempted to break 108.40 level yesterday but it managed to close the daily candlestick above it, keeping the bullish trend scenario valid and active until now, supported by the positive signal that comes from stochastic, waiting for testing 109.33 level initially.

Note that breaching the targets level will push the price to 110.50 as a next station, while holding above 108.40 represents an important condition for achieving the suggested targets.

The expected trading range for today is between 108.00 support and 109.50 resistance

The expected trend for today: Bullish

The GBPUSD pair provided positive trading yesterday to approach from 1.2900 barrier, reinforcing the expectations of the bullish trend continuation in the upcoming period, and the price needs to breach 1.2930 to ease the mission of the price rally towards our waited main target at 1.3045.

On the other hand, you should be aware that breaking 1.2840 then 1.2800 levels will stop the expected rise and pushes the price to turn to the downside.

The expected trading range for today is between 1.2800 support and 1.2980 resistance.

The expected trend for today: Bullish