Gold price settles around 2630.00$ level since morning, waiting to get negative motive that push the price to resume the expected bearish trend for today, which its targets begin by testing 2600.00$ level.

The EMA50 forms negative pressure that supports the expectations to decline, which will remain valid conditioned by the price stability below 2658.00$.

The expected trading range for today is between 2605.00$ support and 2640.00$ resistance.

Trend forecast: Bearish

The GBPUSD price settles below the bearish channel’s resistance line, waiting to get negative motive that push the price to start the expected bearish wave for today, which its targets begin by breaking 1.2655$ to open the way to rally towards 1.2566$ as a next negative station.

The RSI supports the expected decline, which will remain valid conditioned by the price stability below 1.2735$.

The expected trading range for today is between 1.2600$ support and 1.2750$ resistance

Trend forecast: Bearish

The EURUSD price shows more bearish bias to approach our first waited target at 1.0475$, and we suggest breaking this level to achieve additional negative targets that extend to 1.0400$.

Therefore, we will continue to suggest the bearish trend for the upcoming sessions unless the price rallied to breach 1.0563$ and hold above it.

The expected trading range for today is between 1.0440$ support and 1.0580$ resistance

Trend forecast: Bullish

No change to the EURCHF price bearish track by consolidating below the bearish channel’s resistance line at 0.9338, while the sideways fluctuation near 0.9310 level is caused by the contradiction between stochastic positivity against the negative stability, waiting to provide negative momentum soon and ease the mission of targeting the negative stations located near 0.9250 and 0.9210 levels.

On the other hand, succeeding to breach the resistance and holding above it will confirm moving to the bullish track to start targeting many positive stations that start at 0.9375.

The expected trading range for today is between 0.9250 and 0.9320

Trend forecast: Bearish