Gold price shows some slight bearish bias to head towards resuming the correctional bearish wave, which targets 2390.00$ followed by 2366.10$ levels as next main stations.

Moving below the EMA50 supports the suggested bearish wave, which will remain valid unless the price rallied to breach 2438.60$ and hold above it.

The expected trading range for today is between 2390.00$ support and 2425.00$ resistance.

Trend forecast: Bearish

The GBPUSD price didn’t show any strong move since morning, hovering around the EMA50, thus, no change to the expected bearish trend scenario for today, which targets 1.2880$ followed by 1.2780$ levels mainly, reminding you that the continuation of the bearish wave depends on the price stability below 1.2945$.

The expected trading range for today is between 1.2830$ support and 1.2990$ resistance.

Trend forecast: Bearish

The EURUSD price shows sideways trades since morning, while stochastic continues to lose the positive momentum, and as long as the price is below 1.0925$ level, our bearish overview will remain valid for today, waiting to break 1.0880$ level to open the way to head towards 1.0840$ followed by 1.0806$ levels mainly.

The expected trading range for today is between 1.0800$ support and 1.0960$ resistance.

Trend forecast: Bearish

The AUDCAD price surrendered to the stability of 0.9255 resistance line recently to notice the beginning of forming strong negative waves and crawl below 0.9175, suffering additional losses by reaching 0.9149.

The stability of trading below 0.9190 additional barrier and stochastic continuous negative momentum allow us to expect providing new bearish waves to attempt to press on 0.9130, which breaking it will open the way to target new negative stations that might start at 0.9105 and 0.9070.

The expected trading range for today is between 0.9180 and 0.9105

Trend forecast: Bearish