Gold price trades with clear positivity to hint the attempt to recover in the upcoming sessions, motivated by stochastic positivity, making the bullish bias suggested on the intraday basis, waiting to test 2820.00$ initially, taking into consideration that failing to surpass 2800.00$ barrier will push the price to decline again and head to visit 2764.20$ mainly.
The expected trading range for today is between 2775.00$ support and 2805.00$ resistance.
Trend forecast: Bullish
The GBPUSD price shows tight trades since morning, settling below 1.2300$ barrier, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 1.2360$, motivated by the previously completed double top pattern, reminding you that our main waited target reaches 1.2100$.
The expected trading range for today is between 1.2170$ support and 1.2330$ resistance
Trend forecast: Bearish
The EURUSD price fluctuates around the key support 1.0220$ since morning, waiting to break this level to confirm extending the bearish wave in the upcoming sessions and open the way to head towards 1.0100$ that represents our next negative target.
The continuation of the bearish wave requires holding below 1.0260$, as breaching it represents the key to rally to test the key resistance 1.0235$ initially before any new attempt to decline.
The expected trading range for today is between 1.0140$ support and 1.0300$ resistance
Trend forecast: Bearish
The EURNZD price decline recently to test the minor bullish channel’s support line at 1.8320 followed by starting to form strong bullish waves to notice rallying towards 1.8515 this morning and confirm keeping the previously suggested main bullish track.
The current sideways move near 1.8460 hints the attempt to gather the positive momentum, noting that 1.8365 level attempt to form the additional support will assist to resume the bullish attack that might target 1.8560 followed by 1.8635 levels soon.
The expected trading range for today is between 1.8385 and 1.8560
Trend forecast: Bullish