Gold price hovers around the main bullish trend line, and we still neutral until we get clearer signal for the next trend through breaching 2394.00$ resistance or breaking 2365.00$ support followed by detecting the next targets clearly.

We remind you that breaching the resistance will push the price to resume the main bullish trend and target 2450.00$ followed by 2483.40$ levels mainly, while breaking the support represents the key to achieve bearish correction that its first target located at 2324.55$.

The expected trading range for today is between 2350.00$ support and 2395.00$ resistance.

Trend forecast: Neutral

The GBPUSD price shows some slight bullish bias to approach retesting the broken neckline of the double top pattern, waiting to resume the correctional bearish trend that targets 1.2830$ followed by 1.2780$ levels mainly, reminding you that the continuation of the bearish trend conditions holding below 1.2880$.

The expected trading range for today is between 1.2780$ support and 1.2920$ resistance.

Trend forecast: Bearish

The EURUSD price’s recent trades are confined within minor bullish channel that we believe it forms bearish flag pattern, which means that breaking 1.0840$ will activate the negative effect of this pattern and push the price to achieve our waited targets at 1.0806$ followed by 1.0774$, to continue suggesting the bearish trend that gets continuous support by the EMA50 unless breaching 1.0880$ and holding above it.

The expected trading range for today is between 1.0760$ support and 1.0900$ resistance.

Trend forecast: Bearish

The NZDCAD price continued to provide new negative waves, affected by its crawl below 0.8248 level, to notice suffering big losses by reaching the sideways range’s support line at 0.8130, while the upcoming sessions depends on the strength of this support line, as its stability allows us to expect the attempts to cover the losses and form many bullish waves to target 0.8170 and 0.8205 levels.

On the other hand, declining below the support and providing negative close will confirm its preparation to resume the negative attack, to force it to suffer new losses that might extend towards 0.8105 followed by reaching the next support at 0.8080.

The expected trading range for today is between 0.8130 and 0.8170

Trend forecast: Bullish