Gold price finds difficulty to consolidate above 1825.15 level, to trade negatively and test the EMA50 that continues to form solid support against the price, accompanied by witnessing positive signals through stochastic that encourage us to suggest resuming the positive trades again, waiting to breach the mentioned level to confirm heading towards 1860.00 as a next positive target.

Therefore, the bullish trend scenario will remain active unless breaking 1813.00 and holding below it.

The expected trading range for today is between 1810.00 support and 1840.00 resistance.

The expected trend for today: Bullish

The USDCAD pair shows positive trades to approach 1.2590 level, and begins today with slight bearish bias that hints heading to resume the bearish trend, as the negative effect of the head and shoulders’ pattern still active, waiting to test 1.2480 level initially, reminding you that breaking this level will press on the price to decline towards 1.2370 as a next negative station.

The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1.2590 followed by 1.2625 levels and hold above them.

The expected trading range for today is between 1.2470 support and 1.2600 resistance.

The expected trend for today: Bearish

The USDJPY pair provided clear positive trades in the previous sessions to approach testing the key resistance 114.65, and the EMA50 meets this resistance to add more strength to it, while stochastic loses its positive momentum clearly.

Therefore, we believe that the chances valid to rebound bearishly and resume the correctional bearish trend, which its targets begin by breaking 113.60 to open the way to head towards 112.75, noting that breaching 114.65 will stop the correctional bearish trend and lead the price to regain the main bullish trend again.

The expected trading range for today is between 113.70 support and 114.90 resistance

The expected trend for today: Bearish

The GBPUSD pair bounced downwards clearly in the previous sessions to test the key support 1.3660, and it kept its stability above it, accompanied by witnessing positive signals by stochastic, waiting to motivate the price to resume the bullish trend that moves organized inside the bullish channel that appears on the chart, reminding you that our next main target reaches 1.3815.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 1.3660 and holding below it.

The expected trading range for today is between 1.3600 support and 1.3775 resistance.

The expected trend for today: Bullish