Gold price shows some slight bearish bias, while stochastic attempts to gather the positive momentum, waiting to resume the expected bullish trend for today, which targets 2700.00$ as a next main station, noting that breaking 2652.00$ will turn the intraday track to decline, to head towards achieving bearish correction that its targets begin by testing 2605.00$ areas.

The expected trading range for today is between 2655.00$ support and 2695.00$ resistance.

Trend forecast: Bullish

The GBPUSD price is testing the breached resistance of the main bullish channel, waiting to resume the main bullish trend that targets 1.3500$ as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.3325$ will push the price to achieve bearish correction that its targets begin at 1.3266$ and extend to 1.3215$.

The expected trading range for today is between 1.3310$ support and 1.3480$ resistance.

Trend forecast: Bullish

The EURUSD price faces clear negative pressure now to reach the EMA55, and it might continue the decline to test the key support 1.1100$, and as we mentioned  in our recent reports, the price needs to hold above this support to keep the bullish trend active for the upcoming period, which its targets begin at 1.1200$ and extend to 1.1300$, noting that breaking the mentioned support will push the price to suffer more losses today to head towards 1.1040$ initially.

The expected trading range for today is between 1.1100$ support and 1.1255$ resistance.

Trend forecast: Bullish

The EURCHF price ended the correctional bullish rebound by facing solid barrier at 0.9500, to force it to provide some negative trades by targeting 0.9420 level recently and keep its consolidation within the main bearish channel that appears on the chart.

We notice the consolidation of the MA55 near the bearish channel’s resistance at 0.9530, to confirm confining trades within the negative track, thus, we will start suggesting the negative trades for the near-term and medium-term period, noting that the initial negative stations are located near 0.9380 and 0.9330.

The expected trading range for today is between 0.9380 and 0.9485

Trend forecast: Bearish