Gold price rallied upwards strongly to surpass our first target at 2900.00$ and confirm opening the way to continue the bullish trend for the rest of the day, reminding you that our next station is located at 2956.90$.

The GBPUSD price provided new positive trades to move away from 1.2700$ barrier, reinforcing the expectations of continuing the bullish trend for today, reminding you that our next station is located at 1.2765$.

The EURUSD price shows additional positive trades to reach the neckline of the double bottom pattern at 1.0530$, waiting to breach this level to activate the positive effect of the mentioned pattern to achieve more rise in the upcoming sessions.

The GBPCAD price reacted to the positive factors represented by leaning within the bullish channel in addition to the continuous positive momentum coming by the major indicators, to notice forming new bullish rally recently and surpass 1.8235 recorded high to start recording new gains by reaching 1.8445.

Note that stochastic continuous fluctuation within the overbought areas might increase the chances of gaining the required additional positive momentum to target more positive stations, to expect targeting 1.8470 as a first additional station, followed by reaching the bullish channel’s resistance line at 1.8600.

The expected trading range for today is between 1.8340 and 1.8470

Trend forecast: Bullish