Gold price provided new positive trades this morning to touch 2640.00$ level, waiting for more rise to test 2644.65$ that represents our next main target, noting that stochastic attempts to get rid of its negative momentum to support the expectations of continuing the rise, which will remain valid unless breaking 2614.00$ and holding below it.

The expected trading range for today is between 2615.00$ support and 2650.00$ resistance.

Trend forecast: Bullish

The GBPUSD price managed to surpass the bullish channel’s resistance line to confirm the continuation of the bullish trend domination for the rest of the day, opening the way to achieve our waited target at 1.3400$, reminding you that surpassing this level will push the price towards 1.3500$ direct.

Holding above 1.3340$ represents the first condition to the continuation of the expected rise, as breaking it will put the price under correctional bearish pressure before any new positive attempt.

The expected trading range for today is between 1.3270$ support and 1.3430$ resistance.

Trend forecast: Bullish

The EURUSD price shows positive trades to move away from 1.1100$ level and reinforce the expectations of continuing the bullish trend in the upcoming sessions, motivated by stochastic positivity, waiting to test 1.1200$ as a next main target.

Therefore, we will continue to suggest the bullish trend for today, reminding you that breaking 1.1100$ will stop the expected rise and push the price to turn to decline.

The expected trading range for today is between 1.1040$ support and 1.1180$ resistance.

Trend forecast: Bullish

The GBPCHF price ended the correctional bullish rally by facing 1.1340 level, to form key barrier against it and forcing it to provide some negative trades by touching 1.1275 level.

The lack of the negative momentum caused by the contradiction between the major indicators might force it to provide more sideways trades until gathering the required momentum to manage to activate the negative trades by targeting 1.1230 level first, followed by waiting to attack 50% Fibonacci correction level at 1.1180.

The expected trading range for today is between 1.1230 and 1.1320

Trend forecast: Bearish