Gold price shows slight bearish bias now in attempt to move away from 2758.40$ level, to support the continuation of the expected bearish trend for today, motivated by the negative overlapping signal provide by stochastic now, reminding you that our next target is located at 2722.00$, while achieving it requires holding below 2758.40$.
The expected trading range for today is between 2735.00$ support and 2760.00$ resistance.
Trend forecast: Bearish
The tight range dominates the GBPUSD price trades since morning, which keeps our bearish overview valid without any change, which depends on the price stability below 1.3000$, reminding you that our next main target is located at 1.2866$.
The expected trading range for today is between 1.2880$ support and 1.3020$ resistance
Trend forecast: Bearish
The EURUSD price didn’t show any strong move since morning, to continue fluctuating within tight track, thus, no change to the expected bearish trend scenario for today, motivated by stochastic negativity, reminding you that our waited targets are located at 1.0700$ followed by 1.0650$, while achieving them requires holding below 1.0865$.
The expected trading range for today is between 1.0730$ support and 1.0870$ resistance
Trend forecast: Bearish
The CHFJPY price continued to form correctional bullish trades, recording many gains by moving towards 177.20 barrier and settling below it as appears on the chart.
The frequent stability below the current barrier and stochastic attempt to provide the negative momentum will confirm the attempt to renew the negative attempts, to target 175.80 level soon followed by waiting to test 61.8% Fibonacci correction level at 174.45.
The expected trading range for today is between 175.80 and 177.30
Trend forecast: Bearish